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What: Shares of industrial components and systems manufacturer SPX
So what: SPX just reported third-quarter earnings that were stronger than expected despite slow sales, and the company then tightened next-quarter earnings guidance around the upper half of the existing forecast. Keep in mind that investors approached this report with low expectations, given a 6% price drop on Tuesday amid macroeconomic concerns.
Now what: Rivals FlowServe
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Fool contributor Anders Bylund holds no position in any of the companies mentioned. We Fools may not all hold the same opinion, but we all believe that considering a diverse range of insights makes us better investors. Check out Anders' holdings and bio, or follow him on Twitter and Google+. We have a disclosure policy.