CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — SPX Technologies, Inc. (SPXC) on Thursday reported second-quarter net income of $78.4 million.
The Charlotte, North Carolina-based company said it had net income of $1.55 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $2.02 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The infrastructure equipment supplier posted revenue of $679 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $635.6 million.
SPX Technologies expects full-year earnings in the range of $8.20 to $8.60 per share.
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