Crane Co. (CR) reported net income attributable to common shareholders of $35.1 million or $0.60 per share for the third quarter, compared to $36.1 million or $0.60 per share in the prior year quarter.
Third quarter sales declined 14% to $551 million from $642.7 million in the previous year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.48 per share for the quarter. Analysts' estimates typically exclude special items.
For 2009, the company now expects GAAP earnings of $1.90 to $2.05 per share, compared to its prior estimate of $1.75 to $2.05 per share. The company also reaffirmed its sales estimate of $2.2 billion for the year. Street currently expects earnings of $1.89 per share on revenue of $2.18 billion for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.