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SPX reports 4Q loss

CHARLOTTE, N.C. (AP) _ SPX Corp. (SPXC) on Thursday reported a loss of $86.1 million in its fourth quarter.

On a per-share basis, the Charlotte, North Carolina-based company said it had a loss of $2.06. Earnings, adjusted to account for discontinued operations and asset impairment costs, came to 69 cents per share.

The infrastructure equipment supplier posted revenue of $395.3 million in the period.

For the year, the company reported that its loss widened to $85.3 million, or $2.02 per share. Revenue was reported as $1.47 billion.

SPX expects full-year earnings in the range of $1.55 to $1.70 per share.

SPX shares have climbed slightly more than 2 percent since the beginning of the year.


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


Keywords: SPX, Earnings Report