Crane Co. Bottom Line Advances 15% In Q1

(RTTNews) - Crane Co. (CR) announced a profit for its first quarter that increased compared to the same period last year.

The company said its bottom line came in at $63.1 million, or $1.05 per share. This was up from $55.0 million, or $0.93 per share, in last year's first quarter.

Analysts had expected the company to earn $1.00 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.0% to $673.4 million. This was up from $660.0 million last year.

Crane Co. earnings at a glance:

-Earnings (Q1): $63.1 Mln. vs. $55.0 Mln. last year. -Earnings Growth (Y-o-Y): 14.7% -EPS (Q1): $1.05 vs. $0.93 last year. -EPS Growth (Y-o-Y): 12.9% -Analysts Estimate: $1.00 -Revenue (Q1): $673.4 Mln vs. $660.0 Mln last year. -Revenue Change (Y-o-Y): 2.0%

-Guidance: Full year EPS guidance: $4.35 - $4.55