SPX Releases Q1 Earnings Report

SPX Corp. reported a first-quarter loss of $800,000, after reporting a profit in the same period a year earlier.

The Charlotte, North Carolina-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 51 cents per share.

The infrastructure equipment supplier posted revenue of $343.6 million in the period.

SPX expects full-year earnings in the range of $2.50 to $2.65 per share.

SPX shares have increased 29 percent since the beginning of the year.