Crane Q3 Earnings Rise, Top Estimate; Boost Outlook

Crane Q3 Earnings Rise, Top Estimate; Boost Outlook
Diversified manufacturer Crane Co. (CR) said Monday after the markets closed that its third quarter profit rose 18% from last year, helped by strong margins expansion in its aerospace group. The company’s quarterly earnings per share also came in above analysts’ expectation. At the same time, the company raised its earnings outlook for the full year 2010.

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