Crane Q3 Profit Shrinks - Quick Facts

(RTTNews) - Crane Co. (CR) Monday reported third-quarter profit of $57.131 million or $0.97 per share, compared to $57.125 million or $0.99 per share in the same period last year.

On average, five analysts polled by Thomson Reuters expected the company to earn $1.06 per share for the quarter. Analysts' estimates typically exclude special items.

Sales dropped 1.3 percent to $637.5 million from $646.0 million last year. Analysts expected sales of $662.88 million.

Looking ahead, the company currently projects 2013 earnings in the range of $4.10 to $4.20 per share, compared to its previous guidance range of $4.10 to $4.25 per share. Analysts currently expect full-year earnings of $4.23 per share.