SPX Sees Higher Earnings
Free cash flow is expected to be as much as $210 million.
SPX
(SPW)
expects to earn $2.75 to $2.85 a share in 2006, up 6% to 10% from earnings in 2005.
Analysts polled by Thomson First Call estimated earnings of $2.81 a share for 2006. The stock rose 44 cents to $47.14 Thursday.
Free cash flow is expected to be in the range of $190 to $210 million. Revenue is expected to rise 7%, with organic growth contributing around 5% and the rest from acquisitions.
For 2007, SPX anticipates an increase of 10% to 15% in earnings per share.
This story was created through a joint venture between TheStreet.com and IRIS.
