SPX Techs Q3 2024 Adj. EPS $1.39 Beats $1.36 Estimate, Sales $483.7M Miss $500.788M Estimate
Portfolio Pulse from Benzinga Newsdesk
SPX Technologies reported its Q3 2024 financial results, with adjusted EPS of $1.39 beating the estimate of $1.36, but sales of $483.7 million missing the expected $500.788 million.
October 30, 2024 | 8:36 pm
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NEUTRAL IMPACT
SPX Technologies' Q3 2024 earnings report shows a mixed performance with EPS beating expectations but sales falling short.
The earnings per share (EPS) of SPX Technologies exceeded expectations, which is a positive indicator for the stock. However, the sales figures fell short of estimates, which could offset the positive impact of the EPS beat. This mixed result may lead to a neutral short-term impact on the stock price as investors weigh the positive EPS against the sales miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100