Poor Fluid Handling Leads Crane Co. (CR) to a 3Q EPS Miss; UBS Cuts Price Target to $60
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Crane Co. Declares Fourth Quarter Dividend
October 26, 2015 5:10 PM EDTSTAMFORD, Conn.--(BUSINESS WIRE)-- Crane Co., a diversified manufacturer of highly engineered industrial products, today announced its regular quarterly dividend of $0.33 per share for the fourth quarter of 2015. The dividend is payable on December 9, 2015 to shareholders of record as of the close of business on November 30, 2015.
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Crane Co. Reports Third Quarter Results
October 26, 2015 5:00 PM EDTThird Quarter 2015 Highlights:
Excluding Special Items, earnings per diluted share (EPS) of $1.03 decreased 8% compared to 2014 (GAAP EPS of $0.97 compared to $0.47 in 2014) Sales of $670 million declined 8% compared to 2014, driven by unfavorable foreign exchange of 5%, and a core sales decline of 3% Narrowing 2015 EPS guidance range to $4.10-$4.20, from $4.10-$4.30, excluding Special Items (revised GAAP EPS guidance of $3.87-$3.97)STAMFORD, Conn.--(BUSINESS WIRE)-- Crane Co. (NYSE: CR), a diversified manufacturer of highly engineered industrial products, reported third quarter 2015 earnings of... More
