SPX Techs Q2 Adj $1.42 Beats $1.25 Estimate, Sales $501.30M Beat $492.08M Estimate
Portfolio Pulse from Benzinga Newsdesk
SPX Techs (NYSE:SPXC) reported strong Q2 earnings, with adjusted EPS of $1.42 beating the $1.25 estimate and sales of $501.30M surpassing the $492.08M estimate. This represents significant year-over-year growth in both earnings and sales.
August 01, 2024 | 8:24 pm
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SPX Techs reported Q2 adjusted EPS of $1.42, beating the $1.25 estimate by 13.6%. Sales of $501.30M also surpassed the $492.08M estimate. Both earnings and sales showed significant year-over-year growth.
The strong earnings and sales performance, both beating analyst estimates and showing significant year-over-year growth, are likely to positively impact SPXC's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100