Firms. Its not really an earnings beat its a subscriber beat thats what investors and analysts that have covered it correctly have been focused on because the more they add net subs around the world and the u. S. , the more the future profits can grow and nobody is really worried about profitability right now. They havent been for a long time thats been the incorrect lens to view this company the correct lens has been sub growth and the ability to raise prices they have pulled off both. Keep in mind, they have added over 8 million subs worldwide and did it at the same time they raised prass in the u. S. Thats a business thats on fire i dont think its anymore complicated. Forget the spend. Forget the debt. They have to do the spend the subs are growing because of the spend. I want to make that point. Its a good point to make you pointed out the only two negative things that you can say about this ill agree with you. But if i said that about so many other companies, youd say forget this
The next big thing is you will have to stay tuned for that governor. Cisco reporting earnings about an hour from now. The tech bellwether rattling markets late last year with a weak financial outlook. Should investors brace for more bad news or with expectations this low, will cisco surprise us to the upside . Well get you the information first and well have a full analysis as those numbers hit as well. That will probably set the tone for tomorrow, but theres also something thats going to set the tone for tomorrow. A major Storm Brewing in the south, and not even talking about the weather. This one is all about a key vote to unionize a tennessee auto plant, something that has not happened in the south ever. The president of the united autoworkers will be joining us on the closing bell exclusively to talk about whats on the line in that story. Very important coming up here. And here is where we stand in markets as we head into the final hour of trade. The dow is giving up about 50 point
CHARLOTTE, N.C. (AP) SPX Corp. (SPXC) on Thursday reported second-quarter earnings of $13 million. The Charlotte, North Carolina-based company said it had net income of 28 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were 71 cents per share.
CHARLOTTE, N.C. (AP) SPX Corp. (SPXC) on Wednesday reported first-quarter earnings of $11.4 million. On a per-share basis, the Charlotte, North Carolina-based company said it had net income of 25 cents.