SPX Technologies: Q2 Earnings Snapshot
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — SPX Technologies, Inc. (SPXC) on Thursday reported second-quarter net income of $44.2 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 94 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.42 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The infrastructure equipment supplier posted revenue of $501.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $490.9 million.
SPX Technologies expects full-year earnings in the range of $5.45 to $5.60 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPXC at https://www.zacks.com/ap/SPXC