Colfax: 2Q Earnings Snapshot

ANNAPOLIS JUNCTION, Md. (AP) _ Colfax Corp. (CFX) on Thursday reported a loss of $8.5 million in its second quarter.

On a per-share basis, the Annapolis Junction, Maryland-based company said it had a loss of 6 cents. Earnings, adjusted for one-time gains and costs, were 9 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The manufacturing and engineering company posted revenue of $620.4 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $602.8 million.

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Colfax shares have fallen 14% since the beginning of the year. The stock has climbed 26% 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

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