More on Crane (CR): Q2 comes in largely in-line as net profit rose 24% Y/Y, aided by the sales...

|About: Crane Co. (CR)|By:, SA News Editor

More on Crane (CR): Q2 comes in largely in-line as net profit rose 24% Y/Y, aided by the sales of two businesses, though restructuring costs weighed down its largest segment. The company also narrowed its FY guidance to reflect recent divestitures, now seeing earnings of $3.75 to $3.85 share on 4% to 5% growth in sales from continuing operations. The company had previously projected an EPS of $3.75 to $3.95 in earnings and 3% to 5% in sales growth. Shares -1.4% AH.