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Stock impact report

Q2 Earnings Outperformers: Crane NXT (NYSE:CXT) And The Rest Of The Specialized Technology Stocks [Yahoo! Finance]

Crane Co. (CR) 
Last crane co. earnings: 4/27 05:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.craneco.com
Company Research Source: Yahoo! Finance
Companies in this sector, especially if they invest wisely, could see demand tailwinds as the world moves towards more IoT (Internet of Things), automation, and analytics. Enterprises across most industries will balk at taking these journeys solo and will enlist companies with expertise and scale in these areas. However, headwinds could include rising competition from larger technology firms, as digitization lowers barriers to entry in the space. Additionally, companies in the space will likely face evolving regulatory scrutiny over data privacy, particularly for surveillance and security technologies. This could make companies have to continually pivot and invest. The 8 specialized technology stocks we track reported a very strong Q2. As a group, revenues beat analysts' consensus estimates by 4.1% while next quarter's revenue guidance was 1.5% below. Thankfully, share prices of the companies have been resilient as they are up 8.4% on average since the latest earnings results. Show less Read more
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