SPX Corp. Posts Q4 Loss From Cont. Ops. - Quick Facts

(RTTNews) - SPX Corp. (SPW) reported a fourth-quarter loss from continuing operations, net of tax, to shareholders of $31.8 million or $0.78 per share, compared to profit of $85.2 million or $1.87 per share, prior year. Adjusted earnings per share from continuing operations was $2.36, for the quarter.

On average, 16 analysts polled by Thomson Reuters expected the company to report profit per share of $2.21 for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $1.28 billion from $1.33 billion last year. Analysts expected revenue of $1.35 billion for the quarter.

For 2015, the company is targeting organic revenue growth to be flat to up 4%. Total revenues are expected to decrease by 5% to 1%.