Crane Co. Bottom Line Advances 15% In Q2

(RTTNews) - Crane Co. (CR) announced a profit for its second quarter that gained ground from last year.

The company said its bottom line advanced to $71.5 million, or $1.21 per share. This was higher than $62.3 million, or $1.06 per share, in last year's second quarter.

Analysts had expected the company to earn $1.02 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.1% to $712.2 million. This was up from $711.2 million last year.

Crane Co. earnings at a glance:

-Earnings (Q2): $71.5 Mln. vs. $62.3 Mln. last year. -Earnings Growth (Y-o-Y): 14.8% -EPS (Q2): $1.21 vs. $1.06 last year. -EPS Growth (Y-o-Y): 14.2% -Analysts Estimate: $1.02 -Revenue (Q2): $712.2 Mln vs. $711.2 Mln last year. -Revenue Change (Y-o-Y): 0.1%

-Guidance: Full year EPS guidance: $4.00 - $4.20