SPX Corp. (SPXC) Tops Q2 EPS by 9c, Miss on Revenues; Boosts FY17 Adj. EPS

SPX Corp. (NYSE: SPXC) reported Q2 EPS of $0.44, $0.09 better than the analyst estimate of $0.35. Revenue for the quarter came in at $349.7 million versus the consensus estimate of $354.84 million.

• Q2 GAAP Loss Per Share of ($0.19);
• Adjusted EPS* of $0.44
• Solid Core Operational Performance and Margin Expansion Continues
• Increasing Full-Year Adjusted EPS* Guidance Range to $1.65-$1.75
• $22.9 million Charge for the South African Projects;
• Timeline for Substantial Completion of Projects Accelerated to End of 2019

GUIDANCE:

SPX Corp. sees FY2017 EPS of $1.66-$1.75, versus the consensus of $1.70.

For earnings history and earnings-related data on SPX Corp. (SPXC) click here.

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