SPX Corp (NASDAQ:SPXC) announced its quarterly earnings results on Wednesday. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $348.50 million for the quarter, compared to analyst estimates of $343.12 million. During the same period last year, the business earned $0.14 EPS. SPX Corp’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 trading hours on Friday, reaching $31.53. 227,857 shares of the company traded hands.

SPXC has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of SPX Corp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, August 8th. BidaskClub upgraded shares of SPX Corp from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th.

TRADEMARK VIOLATION WARNING: “SPX Corp (SPXC) Releases Earnings Results, Beats Expectations By $0.08 EPS” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2017/11/03/spx-corp-spxc-releases-earnings-results-beats-expectations-by-0-08-eps.html.

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)

Receive News & Ratings for SPX Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPX Corp and related companies with MarketBeat.com's FREE daily email newsletter.