WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Crane NXT, Co. (CXT) on Wednesday reported third-quarter net income of $47.1 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had net income of 81 cents. Earnings, adjusted for non-recurring costs, were $1.16 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The maker of engineered industrial products posted revenue of $403.5 million in the period.
Crane NXT expects full-year earnings in the range of $4.22 to $4.30 per share.
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