Electrical Equipment & Multi-Industry Update (ITRI, CFX, RAIL)

Analysts at UBS (NYSE: UBS) have released an update on Electrical Equipment & Multi-Industry.

Among the companies in the sector, Itron, Inc. (NASDAQ: ITRI), Colfax Corporation (NYSE: CFX), and FreightCar America, Inc. (NASDAQ: RAIL) reported earnings last week.

According to analysts, the positive surprise came from Itron, Inc., which reported fourth-quarter EPS of $0.82, beating consensus forecast of $0.60, and UBS’ estimate of $0.76.

The industrial output improved 0.9% in January, beating the consensus of a 0.7% improvement. Total capacity utilization rose 0.7% to 72.6%, but is still 800 basis points short of the long-term average.