Crane Co. Bottom Line Retreats 7% In Q4

(RTTNews) - Crane Co. (CR) revealed a profit for fourth quarter that declined compared to the same period last year.

The company said its bottom line came in at $61.1 million, or $1.02 per share. This was lower than $65.8 million, or $1.12 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.99 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.1% to $681.4 million. This was up from $680.6 million last year.

Crane Co. earnings at a glance:

-Earnings (Q4): $61.1 Mln. vs. $65.8 Mln. last year. -Earnings Decline (Y-o-Y): -7.1% -EPS (Q4): $1.02 vs. $1.12 last year. -EPS Decline (Y-o-Y): -8.9% -Analysts Estimate: $0.99 -Revenue (Q4): $681.4 Mln vs. $680.6 Mln last year. -Revenue Change (Y-o-Y): 0.1%