Crane (CR) Tops Q3 EPS by 12c; Raises Low End of FY Guidance
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Crane (NYSE: CR) reports Q3 EPS of $0.60, 12 cents better than the analyst estimate of $0.48. Revenue for the quarter was $551 million, which compares to the estimate of $542.20 million.
"...We have increased the lower end of our EPS guidance range from $1.75 - $2.05 to $1.90 - $2.05 on a GAAP basis reflecting, in part, our increased projected cost savings." (Consensus is $1.89)
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