SPX Corp. (SPW) reported first quarter earnings per share from continuing operations $0.20 Wednesday morning, which fell short of the consensus estimate of $0.26. The company now expects to report full year 2013 earnings per share from continuing operations of $4.25 to $4.65, lower than its prior estimate of $4.60 to $5.10. The consensus estimate is for EPS of $4.93.
SPX gapped open sharply lower Wednesday and is now down 6.03 at $68.48. The stock has dropped to a 4-month low and has fallen below its 200-day moving average.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.