SPX Corp (SPXC) Announces Earnings Results
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.
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.
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