Crane Co reports results for the quarter ended September 30 - Earnings Summary

Crane Co reported adjusted earnings of $1.64 per share for the quarter ended September 30, surpassing last year's $1.38 and analysts' expectations of $1.49. Revenue decreased by 1.3% to $589.20 million, slightly above the expected $578.89 million. The company’s net income was $91.4 million, and shares rose 4.1% this quarter. Analysts maintain a "buy" rating, with a median 12-month price target of $217.50, reflecting a 12.1% upside from the last closing price of $191.24.