SPX posts lower quarterly profit
NEW YORK Oct 31 (Reuters) - Diversified U.S. manufacturer SPX Corp reported a decline in quarterly profit on Wednesday amid weakness in European industrial markets.
The maker of equipment used in drinks and oil production, as well as cooling towers for power plants, earned a net $57.8 million, or $1.16 per share, compared with $60.7 million, or $1.20 per share, a year ago.
Sales rose 7 percent to $1.25 billion.
- Tesla says in talks with BMW over car batteries, parts
- Exclusive: China ready to cut rates again on fears of deflation - sources
- Actor Dwight Henry eyed in New Orleans killing after arrest for theft
- China building South China Sea island big enough for airstrip: report
- Suicide bomber kills 45 at volleyball match in Afghanistan
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video