SPX (NYSE:SPXC) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:00 PM.
Here's what investors need to know about the announcement.
SPX beat estimated earnings by 17.65%, reporting an EPS of $0.4 versus an estimate of $0.34.
Revenue was down $91.40 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.05 which was followed by a 1.69% drop in the share price the next day.
Here's a look at SPX's past performance:
|Quarter||Q4 2021||Q3 2021||Q2 2021||Q1 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
SPX management provided guidance for FY 2022, expecting earnings between $2.55 and $2.85 per share.
To track all earnings releases for SPX visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.