Crane Co. Q2 adjusted earnings Beat Estimates

(RTTNews) - Crane Co. (CR) released a profit for its second quarter that advanced from the same period last year.

The company's profit came in at $80.7 million, or $1.32 per share. This compares with $69.2 million, or $1.14 per share, in last year's second quarter.

Excluding items, Crane Co. reported adjusted earnings of $86.2 million or $1.41 per share for the period.

Analysts had expected the company to earn $1.35 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 21.2% to $851 million from $702 million last year.

Crane Co. earnings at a glance:

-Earnings (Q2): $86.2 Mln. vs. $71.1 Mln. last year. -EPS (Q2): $1.41 vs. $1.17 last year. -Analysts Estimate: $1.35 -Revenue (Q2): $851 Mln vs. $702 Mln last year.

-Guidance: Full year EPS guidance: $5.60 - $5.80