Colfax: 1Q Earnings Snapshot

ANNAPOLIS JUNCTION, Md. (AP) _ Colfax Corp. (CFX) on Wednesday reported a first-quarter loss of $52 million, after reporting a profit in the same period a year earlier.

The Annapolis Junction, Maryland-based company said it had a loss of 39 cents per share. Earnings, adjusted for one-time gains and costs, came to 53 cents per share.

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

The manufacturing and engineering company posted revenue of $1.01 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $1.03 billion.

Colfax expects full-year earnings in the range of $2.55 to $2.65 per share.

Colfax shares have increased 36% since the beginning of the year. The stock has decreased 11% 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