Colfax: 4Q Earnings Snapshot

ANNAPOLIS JUNCTION, Md. (AP) _ Colfax Corp. (CFX) on Thursday reported fourth-quarter net income of $33.2 million, after reporting a loss in the same period a year earlier.

The Annapolis Junction, Maryland-based company said it had profit of 24 cents per share. Earnings, adjusted for one-time gains and costs, came to 51 cents per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The manufacturing and engineering company posted revenue of $828.1 million in the period, which missed Street forecasts. Seven analysts surveyed by Zacks expected $830.2 million.

For the year, the company reported net income of $42.6 million, or 31 cents per share, swinging to a profit in the period. Revenue was reported as $3.07 billion.

For the current quarter ending in April, Colfax expects its per-share earnings to range from 35 cents to 40 cents.

The company expects full-year earnings in the range of $2 to $2.15 per share.

Colfax shares have climbed slightly since the beginning of the year. The stock has risen 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFX at https://www.zacks.com/ap/CFX