
Crane (NYSE:CR) Shares Gap Up Following Strong Earnings

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Crane (NYSE:CR) shares gapped up after reporting better-than-expected quarterly earnings, opening at $190.48 from a previous close of $183.01. The company reported $1.65 EPS, exceeding estimates of $1.44, with revenue of $696.40 million, up 24.9% year-over-year. Crane also declared a quarterly dividend of $0.255 per share, payable on June 10. CEO succession was completed with Alex Alcala taking over, providing leadership continuity. Analysts have mixed ratings, with an average target price of $223.83, reflecting a generally positive outlook despite some concerns over cash flow and liabilities.
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