UPDATE: Colfax Reports Downbeat Q4 Results

Colfax Corp

posted downbeat fourth-quarter results. Colfax posted a quarterly net loss of $16.1 million, or $0.37 per share, versus a year-ago net income of $8.7 million, or $0.20 per share. Colfax's earnings, excluding non-recurring items, came in at $0.40 per share. Colfax's sales surged 7% to $177.8 million. However, analysts were expecting earnings of $0.45 per share on revenue of $189.49 million. Colfax shares dipped 5.65% to $31.59 in pre-market trading.