SPX Techs Q1 2024 Adj EPS $1.25 Beats $1.04 Estimate, Sales $465.200M Beat $454.092M Estimate
Portfolio Pulse from Benzinga Newsdesk
SPX Techs (NYSE:SPXC) reported Q1 2024 adjusted EPS of $1.25, surpassing the $1.04 estimate, with sales of $465.2M also beating the $454.092M estimate, marking a 16.36% increase from the previous year.
May 02, 2024 | 8:11 pm
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POSITIVE IMPACT
SPX Techs reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year sales increase.
Beating both EPS and sales estimates significantly, especially with a double-digit sales growth year-over-year, is likely to instill investor confidence and could lead to a positive short-term price movement for SPXC.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100