Crane Company Raises FY24 Adj. EPS Guidance From $4.55-$4.85 To $4.75-$5.05 vs $4.81 Est.
Portfolio Pulse from Benzinga Newsdesk
Crane Company has increased its adjusted EPS guidance for FY24 from the range of $4.55-$4.85 to $4.75-$5.05, surpassing the estimated $4.81.
April 22, 2024 | 8:16 pm
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Crane Company has revised its FY24 adjusted EPS guidance upwards, now expecting $4.75-$5.05, above the analyst estimate of $4.81.
Raising the EPS guidance above market expectations typically signals management's confidence in the company's future performance, which can lead to positive investor sentiment and potentially increase the stock price in the short term.
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