UPDATE: SPX Posts Decline In Q3 Profit

SPX

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.