SPX FLOW Reports Third Quarter 2015 Results

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UBS Starts SPX Flow (FLOW) at Buy

October 28, 2015 7:47 AM EDT

UBS initiates coverage on SPX Flow (NYSE: FLOW) with a Buy rating and a price target of $50.00.

Analyst Shannon O'Callaghan commented, "Power & Energy represents ~30% of pro forma 2015E revenue for SPX Flow and is facing significant revenue and margin pressure with the... More

SPX FLOW (FLOW) Reports Q3 Loss of $0.10

October 28, 2015 7:41 AM EDT

SPX FLOW (NYSE: FLOW) reported Q3 EPS of ($0.10), versus $1.34 reported last year. Revenue for the quarter came in at $589.5 million, versus $681.5 million reported last year.

The decline in net income per share was due primarily to $0.55 of additional special charges, a $0.40 reduction... More