SPX Corp. (SPXC) Tops Q1 EPS by 3c

SPX Corp. (NYSE: SPXC) reported Q1 EPS of $0.44, $0.03 better than the analyst estimate of $0.41. Revenue for the quarter came in at $337.6 million versus the consensus estimate of $325.76 million.

Reaffirming 2018 Guidance:

SPX is reaffirming its 2018 guidance for Core revenue* in a range of $1.35 to $1.40 billion with Core segment income margin* of approximately 14.0-14.5%. We continue to expect Adjusted operating income margin* of approximately 10% and Adjusted earnings per share* in a range of $2.03 to $2.18.

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

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