-+ 0.00%
-+ 0.00%
-+ 0.00%
Crane NXT: Q2 Earnings Snapshot
Share
Listen to the news

WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Crane NXT, Co. (CXT) on Wednesday reported second-quarter earnings of $35.4 million.

On a per-share basis, the Waltham, Massachusetts-based company said it had net income of 61 cents. Earnings, adjusted for non-recurring costs, were $1.10 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The maker of engineered industrial products posted revenue of $493.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $488 million.

Crane NXT expects full-year earnings in the range of $4.22 to $4.42 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CXT at https://www.zacks.com/ap/CXT

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending