Crane NXT Q1 Adj $0.85 Beats $0.84 Estimate, Sales $313.60M Beat $311.72M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crane NXT (NYSE:CXT) reported Q1 adjusted earnings of $0.85 per share, surpassing the consensus estimate of $0.84, and sales of $313.60M, also beating the estimate of $311.72M. However, this represents a decrease from the previous year's earnings and sales.
May 08, 2024 | 8:12 pm
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Crane NXT reported Q1 earnings of $0.85 per share, beating estimates, with sales of $313.60M also exceeding expectations.
Beating both earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decrease in earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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