WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Crane NXT, Co. (CXT) on Wednesday reported fourth-quarter earnings of $48 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had profit of 83 cents. Earnings, adjusted for one-time gains and costs, came to $1.27 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The maker of engineered industrial products posted revenue of $476.9 million in the period.
For the year, the company reported profit of $145.1 million, or $2.50 per share. Revenue was reported as $1.66 billion.
Crane NXT expects full-year earnings in the range of $4.10 to $4.40 per share.
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