Earnings Volatility Drives These 4 Stocks in a New Direction
SPX Corporation (NYSE:SPW) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Adjusted Earnings Per Share increased 49.52% to $1.57 in the quarter versus EPS of $1.78 in the year-earlier quarter. Revenue decreased 3.75% to $1.44 billion from the year-earlier quarter.
SPX Corporation reported adjusted EPS income of $1.57 per share. By that measure, the company beat the mean analyst estimate of $1.56. It beat the average revenue estimate of $1.38 billion.