Why Crane NXT (CXT) Shares Are Sliding Today
What Happened? Shares of payment technology company Crane NXT (NYSE:CXT) fell 6.1% in the morning session after the company reported third-quarter results that beat Wall Street's estimates but lowered its full-year adjusted earnings per share (EPS) forecast. For the quarter, revenue grew 10.3% year on year to 1.28 also surpassed expectations. However, investors focused on the dimmer outlook. Management lowered its full-year adjusted EPS guidance to a midpoint of $4.05 ...