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UPDATE: SPX Posts Decline In Q3 Profit

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SPX (NYSE: SPW) reported a drop in its third-quarter profit.

SPX's quarterly earnings fell to $57.8 million, or $1.16 per share, from $60.7 million, or $1.20 per share, in the year-earlier period. Its adjusted earnings came in at $1.05 per share, versus analysts' estimates of $1.06 per share.

Its sales climbed 7% to $1.25 billion.

SPX shares closed at $65.88 on Friday.

Posted-In: profitEarnings News

 

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