SPX Corp (NASDAQ:SPXC) issued its earnings results on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08, Bloomberg Earnings reports. SPX Corp had a negative net margin of 2.37% and a negative return on equity of 15.86%. The business had revenue of $348.50 million for the quarter, compared to analysts’ expectations of $343.12 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year.

Shares of SPX Corp (NASDAQ SPXC) traded up $2.87 during mid-day trading on Friday, reaching $31.53. 227,857 shares of the company’s stock were exchanged.

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SPXC has been the topic of a number of analyst reports. Zacks Investment Research cut shares of SPX Corp from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub raised shares of SPX Corp from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th.

SPX Corp Company Profile

SPX Corporation is a global supplier of infrastructure equipment. The Company operates through three segments: HVAC; Detection and Measurement, and Engineered Solutions. The HVAC solutions offered by its businesses include package cooling towers, residential and commercial boilers, heating and ventilation products.

Earnings History for SPX Corp (NASDAQ:SPXC)

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