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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 445.1million,andadjustedEPSof445.1 million, and adjusted EPS of 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 ...