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 dipped further in early trade, before settling into a narrow range. The stock ended the day lower by 6.25 at $68.26 on above average volume. SPX dropped to a 4-month low and fell below its 200-day moving average.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.