Crane Co. Reports First Quarter 2020 Results and Provides Update on COVID-19 Impact
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UPDATE: Crane Co. (CR) Misses Q1 EPS by 10c, Revenues Miss; Updated FY20 EPS/Revenue Guidance Below Consensus
April 27, 2020 5:04 PM EDT(Updated - April 27, 2020 5:05 PM EDT)
Crane Co. (NYSE: CR) reported Q1 EPS of $1.15, $0.10 worse than the analyst estimate of $1.25. Revenue for the quarter came in at $798 million versus the consensus estimate of $820.76 million.
Max Mitchell, Crane Co. President and Chief Executive Officer stated: Our businesses all executed extremely well in the quarter despite the impacts of COVID-19 on demand, and on our supply chain and operations. In this difficult... More
