UPDATE 2-SPX profit tops Wall Street view, stock climbs

Newswire

(Adds quotes, details, background) BOSTON/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. The company, whose shares surged nearly 5 percent, also 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 ...

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