UPDATE 1-SPX quarterly profit tops estimates

Newswire

(Adds comparison to estimates, outlook) NEW YORK, July 30 (Reuters) - Diversified U.S. manufacturer SPX Corp reported a 48 percent rise in quarterly profit on Wednesday, helped by a weak dollar and strong demand for its industrial products, and the company raised its full-year earnings forecast. The company, which makes cooling towers for power plants and equipment used in oil and gas production, said second-quarter earnings rose to $94.8 million, or $1.74 per share, from $63.9 million, ...

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