SPX FLOW lowers Q3 adjusted EPS view to 30c-35c from 40c-50c
Lowers Q3 revenue view to $467M from $490-$510M. Company said "Our preliminary Q3 results reflect a deceleration of short cycle Industrial orders at the outset of Q3 and delayed shipments in our Power and Energy segment. These challenges were partially offset by solid progress on cost savings achieved in conjunction with our global realignment program. During the quarter, orders and backlog declined sequentially by 6% and 2%, respectively, primarily reflecting lower levels of original equipment orders in energy markets and lower orders for systems in food and beverage markets. In light of our Q3 preliminary results and order trends, we are currently reassessing our fourth quarter expectations. We plan to provide revised guidance for the Q4 and FY16 on our Q3 earnings call scheduled for November 2."