Filed under: Earnings reports, Technical Analysis, Stocks to Buy

Crane Co. (NYSE: CR) is a diversified manufacturer of industrial products, operating through five business segments. Aerospace & Electronics offers diverse microelectronic and aircraft systems. Merchandising Systems manufactures vending machines and storage devices. Engineered Materials makes fiberglass reinforced plastic and substrate materials for antennas. Controls produces valves, transducers and regulating systems. Fluid Handling provides pipes, pipe fittings and actuators. Crane serves clients in the power generation, transportation, defense, commercial construction, food and chemical industries.

The company surprised investors earlier in the week, when it reported Q4 EPS of 77 cents and revenues of $666 million. Analysts had been expecting 69 cents and $659 million. Management continued to see strong demand in Fluid Handling and expected conditions to remain robust in its long-cycle Aerospace & Electronics unit. The firm also guided FY08 EPS to $3.45-$3.60, versus Wall Street consensus of $3.41.

Continue reading Crane (CR): Shares in bullish consolidation pattern

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This entry was posted on Saturday, February 2nd, 2008 at 8:27 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.