SPX Technologies Raises FY24 EPS Guidance From $5.15-$5.40 To $5.45-$5.60 Vs $5.35 Est.; Raising Revenue Guidance From $1.965B-$2.025B To $1.97B-$2.02B Vs $1.99B Est.
Portfolio Pulse from Benzinga Newsdesk
SPX Technologies has raised its FY24 EPS guidance from $5.15-$5.40 to $5.45-$5.60, surpassing the $5.35 estimate. Revenue guidance has also been increased from $1.965B-$2.025B to $1.97B-$2.02B, compared to the $1.99B estimate. The company expects improved performance across its HVAC and Detection & Measurement segments.
August 01, 2024 | 8:26 pm
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SPX Technologies has raised its FY24 EPS and revenue guidance, indicating stronger-than-expected performance. The company now targets EPS of $5.45-$5.60 and revenue of $1.97B-$2.02B, surpassing previous estimates.
The raised guidance for both EPS and revenue suggests that SPX Technologies is performing better than previously expected. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100