Crane Holdings Q2 2024 Adj. EPS $1.30 Beats $1.04 Estimate, Sales $581.200M Beat $367.160M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crane Holdings (NYSE:CR) reported Q2 2024 adjusted EPS of $1.30, beating the $1.04 estimate by 25%. Sales were $581.2M, surpassing the $367.16M estimate by 58.3%. This marks an 18.18% increase in EPS and a 14.05% increase in sales compared to the same period last year.
July 29, 2024 | 8:32 pm
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Crane Holdings reported strong Q2 2024 results with EPS of $1.30 beating estimates by 25% and sales of $581.2M exceeding expectations by 58.3%. This indicates robust financial performance and growth.
The significant beat on both EPS and sales estimates, along with notable year-over-year growth, suggests strong financial health and positive market sentiment. This is likely to drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100