Crane NXT Q3 2023 Adj EPS $1.09 Beats $1.02 Estimate, Sales $352.90M Miss $353.23M Estimate
Portfolio Pulse from totan@benzinga.com
Crane NXT (NYSE:CXT) reported Q3 2023 earnings of $1.09 per share, beating the analyst consensus estimate of $1.02 by 6.86%. This is a 14.74% increase from the same period last year. However, the company's quarterly sales of $352.90 million missed the analyst consensus estimate of $353.23 million by 0.09%, though it's a 5.31% increase from last year.
November 06, 2023 | 9:15 pm
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Crane NXT's Q3 2023 earnings beat estimates, but sales slightly missed expectations. Earnings per share and sales both increased compared to the same period last year.
Crane NXT's earnings beat estimates, which is a positive signal for investors. However, the slight miss on sales could offset this positive impact. Both earnings per share and sales have increased compared to the same period last year, indicating overall growth for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100