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Diversified manufacturer Crane Co. (CR:News ) said Monday its profit for the first quarter increased by 46 percent over last year, driven by strong core sales growth in all segments. Quarterly earnings came well ahead of the Street expectations. Owing to the strong results, the company raised its outlook for fiscal 2011. Following the news, the company gained more than 7 percent in after-hours trade in the NYSE.

Zions Bancorp. (ZION: News ) gained more than 4 percent in after-hours in the Nasdaq, as it reported a profit for the first quarter over a net loss last year.

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