AP NEWS

SPX: 4Q Earnings Snapshot

February 14, 2019

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.

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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