SPX (SPW -14.5%) shares are punished for a weak Q3 EPS target even though Q2 results edged...

|About: SPX Corporation (SPXC)|By:, SA News Editor

SPX (SPW -14.5%) shares are punished for a weak Q3 EPS target even though Q2 results edged analysts' estimates and the company reiterated its target for the year. The Q3 shortfall is due to the timing of projects, SPX says. FBR says it likes the sequential gains in backlog for SPX's flow and industrial segments.