SPX Technologies: Q3 Earnings Snapshot
By AP News
Published - Oct 30, 2024, 05:26 PM ET
Last Updated - Dec 16, 2024, 05:49 PM EST
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — SPX Technologies, Inc. (SPXC) on Wednesday reported third-quarter earnings of $50.2 million.
The Charlotte, North Carolina-based company said it had profit of $1.06 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.39 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The infrastructure equipment supplier posted revenue of $483.7 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $500.2 million.
