SPX Corp quarterly profit more than doubles


NEW YORK, April 30 (Reuters) - Diversified manufacturer SPX Corp said on Wednesday that first-quarter profit more than doubled as strong global infrastructure spending spurred demand for its cooling towers used in power plants and equipment used in oil and gas production. Net profit rose to $61.4 million, or $1.13 per share, from $29.2 million, or 49 cents per share, a year earlier. Revenue rose 37.2 percent to $1.39 billion. SPX said it now expected earnings per share of $6.20 to ...

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