Crane Co. Q4 Income Drops 2%

(RTTNews) - Crane Co. (CR) released earnings for fourth quarter that fell compared to the same period last year.

The company said its bottom line fell to $65.8 million, or $1.12 per share. This was down from $67.2 million, or $1.13 per share, in last year's fourth quarter.

Analysts had expected the company to earn $1.10 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 6.9% to $680.6 million. This was down from $730.7 million last year.

Crane Co. earnings at a glance:

-Earnings (Q4): $65.8 Mln. vs. $67.2 Mln. last year. -Earnings Decline (Y-o-Y): -2.1% -EPS (Q4): $1.12 vs. $1.13 last year. -EPS Decline (Y-o-Y): -0.9% -Analysts Estimate: $1.10 -Revenue (Q4): $680.6 Mln vs. $730.7 Mln last year. -Revenue Change (Y-o-Y): -6.9%

-Guidance: Full year EPS guidance: $3.85 - $4.15