SPX Technologies: Q2 Earnings Snapshot
By AP News
Published - Aug 02, 2024, 02:57 AM ET
Last Updated - Aug 02, 2024, 02:57 AM EDT
CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — SPX Technologies, Inc. (SPXC) on Thursday reported second-quarter net income of $44.2 million.
On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 94 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $1.42 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.26 per share.
The infrastructure equipment supplier posted revenue of $501.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $490.9 million.
