SPX Ready for its Quarterly Earnings Release

Published on Tuesday, 01 November 2011 12:24 Written by Gerard Lerod

New York, November 1st (TradersHuddle.com) - Shares of SPX Corporation (NYSE:SPW) are trading lower by -5.29% ahead of its quarterly earnings release. SPX, the global manufacturing and industrial equipment supplier is expected to release its quarterly results on November 2^nd.

Wall Street Analysts consensus calls for a profit of $1.08 a share on $1.43 billion revenue.

SPX estimates have a range of $0.07 a share. The high estimate calls for profit of $1.11 a share and the low estimate is calling for a profit of $1.04 a share, a year ago for the quarter the company reported $1.11 a share.

SPX Corporation (NYSE:SPW) is a global manufacturing and industrial equipment supplier. The Company designs, manufactures, and markets data networking equipment, fire detection equipment, power transformers, TV and radio broadcast equipment, and a variety of specialty tools, equipment, and services.