S&P Downgrades SPX Flow (FLOW) to 'BB-'; Outlook Negative
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- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
- Applied Optoelectronics sets up $600M at-the-market stock offering
- Fannie Mae loses at least 10 senior executives amid departures - WSJ
- Wall St rises on the day but falls for the week; bond yields and Iran in focus
- Morgan Stanley course-corrects their semiconductor equipment outlook on demand
- One killed, three injured when man attacks Swedish school with sword
SPX FLOW Reports Third Quarter 2016 Results
November 2, 2016 6:30 AM EDTCHARLOTTE, N.C., Nov. 2, 2016 /PRNewswire/ --Â SPX FLOW, Inc. (NYSE: FLOW) today reported results for the quarter ended October 1, 2016.
Third Quarter 2016 Overview:
Revenues declined 20.8% to $466.8 million, from $589.5 million in the year-ago quarter.  Organic revenues* decreased 19.6%, or $115.4 million, primarily due to the continued impact of lower oil and dairy prices on customers' spending and investment decisions. The impact of the stronger U.S. Dollar versus foreign currencies decreased revenues by 1.2%, or $7.3 million. Operating Income and margin were $21.8 million and 4.7%, compared to operating income and margin of $6.6... More