WALTHAM, Mass. (AP) — WALTHAM, Mass. (AP) — Crane NXT, Co. (CXT) on Wednesday reported third-quarter earnings of $50.5 million.
On a per-share basis, the Waltham, Massachusetts-based company said it had profit of 87 cents. Earnings, adjusted for one-time gains and costs, were $1.28 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.25 per share.
The maker of engineered industrial products posted revenue of $445.1 million in the period.
Crane NXT expects full-year earnings in the range of $4 to $4.10 per share.
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