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Crane: 3Q Earnings Snapshot

STAMFORD, Conn. (AP) _ Crane Co. (CR) on Monday reported third-quarter earnings of $72.5 million.

The Stamford, Connecticut-based company said it had profit of $1.19 per share. Earnings, adjusted for non-recurring costs, were $1.40 per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.55 per share.

The maker of engineered industrial products posted revenue of $772.3 million in the period.

Crane expects full-year earnings in the range of $5.90 to $6.10 per share.

Crane shares have increased 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $84.23, a decline of 3% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CR at https://www.zacks.com/ap/CR