SPX Technologies: Q3 Earnings Snapshot

CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — SPX Technologies, Inc. (SPXC) on Thursday reported third-quarter net income of $81.9 million.

The Charlotte, North Carolina-based company said it had net income of $1.62 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.21 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.

The infrastructure equipment supplier posted revenue of $714.5 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $702.7 million.

SPX Technologies expects full-year earnings in the range of $8.20 to $8.50 per share, with revenue in the range of $2.75 billion to $2.81 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPXC at https://www.zacks.com/ap/SPXC