Crane: Q2 Earnings Insights

Crane CR reported its Q2 earnings results on Monday, July 25, 2022 at 05:01 PM.

Here's what investors need to know about the announcement.

Earnings

Crane beat estimated earnings by 7.95%, reporting an EPS of $1.9 versus an estimate of $1.76.

Revenue was up $67.90 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.13 which was followed by a 5.67% drop in the share price the next day.

Here's a look at Crane's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Crane management provided guidance for FY 2022, expecting earnings between $7.45 and $7.85 per share.

To track all earnings releases for Crane visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.