Crane Co. Announces 2% Rise In Q1 Earnings

(RTTNews) - Crane Co. (CR) reported a profit for its first quarter that rose from last year.

The company said its bottom line came in at $55.0 million, or $0.93 per share. This was up from $54.1 million, or $0.92 per share, in last year's first quarter.

Analysts had expected the company to earn $0.86 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.8% to $660.0 million. This was down from $678.8 million last year.

Crane Co. earnings at a glance:

-Earnings (Q1): $55.0 Mln. vs. $54.1 Mln. last year. -Earnings Growth (Y-o-Y): 1.7% -EPS (Q1): $0.93 vs. $0.92 last year. -EPS Growth (Y-o-Y): 1.1% -Analysts Estimate: $0.86 -Revenue (Q1): $660.0 Mln vs. $678.8 Mln last year. -Revenue Change (Y-o-Y): -2.8%