SPX: 4Q Earnings Snapshot
CHARLOTTE, N.C. (AP) _ SPX Corp. (SPXC) on Thursday reported fourth-quarter net income of $39.2 million.
The Charlotte, North Carolina-based company said it had net income of 88 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to 89 cents per share.
The infrastructure equipment supplier posted revenue of $445 million in the period.
For the year, the company reported profit of $81.2 million, or $1.82 per share. Revenue was reported as $1.54 billion.
SPX expects full-year earnings in the range of $2.50 to $2.65 per share.
SPX shares have increased 14 percent since the beginning of the year.