Crane Co. Q3 Income Retreats 10%

(RTTNews) - Crane Co. (CR) released a profit for third quarter that decreased compared to the same period last year.

The company said its earnings fell to $60.3 million, or $1.03 per share. This was down from $66.8 million, or $1.12 per share, in last year's third quarter.

Analysts had expected the company to earn $1.06 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.9% to $669.9 million. This was down from $727.4 million last year.

Crane Co. earnings at a glance:

-Earnings (Q3): $60.3 Mln. vs. $66.8 Mln. last year. -Earnings Decline (Y-o-Y): -9.7% -EPS (Q3): $1.03 vs. $1.12 last year. -EPS Decline (Y-o-Y): -8.0% -Analysts Estimate: $1.06 -Revenue (Q3): $669.9 Mln vs. $727.4 Mln last year. -Revenue Change (Y-o-Y): -7.9%

-Guidance: Full year EPS guidance: $4.10 - $4.20