Crane Co. Q1 adjusted earnings Beat Estimates

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

The company's earnings totaled $68.7 million, or $1.13 per share. This compares with $63.1 million, or $1.05 per share, in last year's first quarter.

Excluding items, Crane Co. reported adjusted earnings of $80.1 million or $1.31 per share for the period.

Analysts had expected the company to earn $1.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.7% to $799.1 million from $673.4 million last year.

Crane Co. earnings at a glance:

-Earnings (Q1): $80.1 Mln. vs. $63.1 Mln. last year. -EPS (Q1): $1.31 vs. $1.05 last year. -Analysts Estimate: $1.27 -Revenue (Q1): $799.1 Mln vs. $673.4 Mln last year.

-Guidance: Full year EPS guidance: $5.45 - $5.65