UPDATE 3-SPX lifts profit forecast, stock up over 10 pct

Newswire

(Adds quotes, byline) By Scott Malone BOSTON, 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 11 percent, also raised its full-year earnings forecast, citing strong demand from emerging countries in Asia, as well as South Africa, for its cooling towers used in power plants and equipment used in oil and gas ...

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