Crane Co. (CR) Tops Q3 EPS by 5c, Updates FY Guidance

Crane Co. (NYSE: CR) reported Q3 EPS of $1.07, $0.05 better than the analyst estimate of $1.02. Revenue for the quarter came in at $694 million versus the consensus estimate of $666.89 million.

GUIDANCE:

Crane Co. sees FY2016 EPS of $4.12-$4.20, versus prior guidance of $4.00-$4.20 and the consensus of $4.16.

• Management continues to expect that sales for 2016 will approximate $2.7 billion, now reflecting core sales in a range of flat to +2% compared to 2015.

For earnings history and earnings-related data on Crane Co. (CR) click here.

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