SPX Corp. (SPXC) Tops Q3 EPS by 7c, Beats on Revenues; Boosts FY17 EPS Outlook

SPX Corp. (NYSE: SPXC) reported Q3 EPS of $0.36, $0.07 better than the analyst estimate of $0.29. Revenue for the quarter came in at $348.5 million versus the consensus estimate of $337.63 million.

Raising 2017 Adjusted EPS* Guidance:

SPX continues to expect 2017 Core revenue* of approximately $1.35 to $1.40 billion. Core segment income margin* is now expected to be approximately 13.0-13.5%, up from the previous guidance range of approximately 13.0%. SPX continues to expect adjusted operating income margin* to be in the 8.5-9.0% range. Adjusted earnings per share* are now expected to be $1.70 to $1.80, up from the previous guidance range of $1.65 to $1.75.

GUIDANCE:

SPX Corp. sees FY2017 EPS of $1.70-$1.80, versus the consensus of $1.75.

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

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