Crane NXT Q4 2023 Adj EPS $0.99 Beats $0.93 Estimate, Sales $356.90M Beat $341.42M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crane NXT (NYSE:CXT) reported Q4 2023 adjusted EPS of $0.99, surpassing the $0.93 estimate, with sales of $356.90M exceeding the $341.42M forecast. This represents a 5.53% increase in sales compared to the same period last year.
February 14, 2024 | 9:15 pm
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Crane NXT reported a Q4 2023 adjusted EPS of $0.99, beating estimates, and sales of $356.90M, also above expectations. Year-over-year sales increased by 5.53%.
Beating both EPS and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The reported year-over-year sales growth further strengthens the company's financial position and market confidence.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100