SPX Technologies Increases FY24 Adj. EPS From $4.85-$5.15 To $5.15-$5.40 Vs $4.98 Est.; Revenue From $1.93B-$2.00B To $1.965B-$2.025B Vs $1.966B Est.
Portfolio Pulse from Benzinga Newsdesk
SPX Technologies has raised its FY24 adjusted EPS guidance from $4.85-$5.15 to $5.15-$5.40, surpassing the $4.98 estimate. Revenue expectations were also increased from $1.93B-$2.00B to $1.965B-$2.025B, aligning closely with the $1.966B estimate.
May 02, 2024 | 8:30 pm
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SPX Technologies has updated its FY24 earnings and revenue guidance, indicating stronger performance than previously expected.
The upward revision in both earnings and revenue guidance for FY24 by SPX Technologies suggests a positive outlook for the company's financial performance. This is likely to be viewed favorably by investors, potentially leading to an increase in stock price in the short term. The adjustments surpass analyst expectations, particularly for EPS, which can drive investor confidence and demand for SPXC shares.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100