CHARLOTTE, N.C. (AP) — CHARLOTTE, N.C. (AP) — SPX Technologies, Inc. (SPXC) on Tuesday reported fourth-quarter profit of $57.1 million.
The Charlotte, North Carolina-based company said it had profit of $1.20 per share. Earnings, adjusted for one-time gains and costs, came to $1.51 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.
The infrastructure equipment supplier posted revenue of $533.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $531.2 million.
For the year, the company reported profit of $200.5 million, or $4.26 per share. Revenue was reported as $1.98 billion.
SPX Technologies expects full-year earnings in the range of $6 to $6.25 per share, with revenue in the range of $2.13 billion to $2.19 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPXC at https://www.zacks.com/ap/SPXC
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