Crane Raises Midpoint Of FY24 Adjusted EPS Guidance By $0.15 And Revises Adjusted EPS Outlook From Prior Range Of $4.75 - $5.05 To $4.95 - $5.15 (Est $4.28)
Portfolio Pulse from Benzinga Newsdesk
Crane has raised the midpoint of its FY24 adjusted EPS guidance by $0.15, revising its adjusted EPS outlook from the prior range of $4.75 - $5.05 to $4.95 - $5.15, surpassing the estimated $4.28.
July 29, 2024 | 8:34 pm
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Crane has increased its FY24 adjusted EPS guidance midpoint by $0.15, revising the outlook to $4.95 - $5.15, which is above the estimated $4.28. This positive revision indicates stronger-than-expected financial performance.
The upward revision of the EPS guidance suggests that Crane is performing better than previously expected, which is likely to boost investor confidence and positively impact the stock price in the short term.
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