Crane Co. Q1 adjusted earnings Beat Estimates

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

The company's bottom line came in at $82.4 million, or $1.36 per share. This compares with $68.7 million, or $1.13 per share, in last year's first quarter.

Excluding items, Crane Co. reported adjusted earnings of $88.3 million or $1.45 per share for the period.

Analysts had expected the company to earn $1.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.1% to $831.7 million from $799.1 million last year.

Crane Co. earnings at a glance:

-Earnings (Q1): $88.3 Mln. vs. $80.1 Mln. last year. -EPS (Q1): $1.45 vs. $1.31 last year. -Analysts Estimate: $1.40 -Revenue (Q1): $831.7 Mln vs. $799.1 Mln last year.

-Guidance: Full year EPS guidance: $6.25-$6.45