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Crane Co.

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Crane Co. stands well-positioned to leverage benefits from a diversified product portfolio and large client base over the long run. However, risks from foreign currency translation, stiff competition and uncertain global economic conditions can restrict its momentum in the near term. In third-quarter 2015, the company's earnings of $1.03 per share declined 8% year over year, lagging the Zacks Consensus Estimate of $1.07. Revenues fell 7.9% due to 5% negative foreign currency impact and 3% decline in core sales. For 2015, the company has narrowed its earnings guidance to $4.10-$4.20 per share from the previous projection of $4.10-$4.30. Core sales will be down roughly 1% compared with the previous prediction of down 1% to up 1%.

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