Crane Holdings Q2 Adj EPS $1.10 Beats $0.93 Estimate, Sales $509.60M Miss $512.84M Estimate
Portfolio Pulse from bharat@benzinga.com
Crane Holdings (NYSE:CR) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of $0.93 by 18.28%. However, this is a 42.11% decrease from last year's earnings. The company's quarterly sales were $509.60 million, missing the analyst consensus estimate of $512.84 million by 0.63%, and marking a 41.04% decrease from last year.
July 25, 2023 | 8:20 pm
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Crane Holdings reported Q2 earnings that beat estimates but were significantly lower than last year. Sales also missed estimates and were down YoY.
Crane Holdings reported a significant decrease in both earnings and sales compared to the same period last year. Despite beating earnings estimates, the overall negative performance could negatively impact the stock price in the short term.
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IMPORTANCE 80
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