Crane Co. Reports 1% Drop In Q2 Profit

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

The company said its bottom line totaled $71.1 million, or $1.17 per share. This was lower than $71.5 million, or $1.21 per share, in last year's second quarter.

Analysts had expected the company to earn $1.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.4% to $702.5 million. This was down from $712.2 million last year.

Crane Co. earnings at a glance:

-Earnings (Q2): $71.1 Mln. vs. $71.5 Mln. last year. -Earnings Decline (Y-o-Y): -0.6% -EPS (Q2): $1.17 vs. $1.21 last year. -EPS Decline (Y-o-Y): -3.3% -Analysts Estimate: $1.17 -Revenue (Q2): $702.5 Mln vs. $712.2 Mln last year. -Revenue Change (Y-o-Y): -1.4%

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