STAMFORD, Conn. (AP) _ Crane Co. (CR) on Monday reported first-quarter earnings of $108.4 million.
On a per-share basis, the Stamford, Connecticut-based company said it had profit of $1.84. Earnings, adjusted for non-recurring gains, were $1.66 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.31 per share.
The maker of engineered industrial products posted revenue of $833.5 million in the period.
Crane expects full-year earnings in the range of $5.65 to $5.85 per share, with revenue expected to be $3.19 billion.
Crane shares have climbed 22% since the beginning of the year. In the final minutes of trading on Monday, shares hit $94.74, a rise of 84% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CR at https://www.zacks.com/ap/CR
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