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Actionable news in CFX: COLFAX CORPORATION,

Colfax (CFX) Stock Falls on Earnings Miss

NEW YORK (TheStreet) -- Shares of Colfax Corp. (CFX - Get Report) were falling 6.2% to $27.69 on Wednesday after the diversified machinery company missed analysts' estimates for earnings in the third quarter.

Colfax reported earnings of 24 cents a share for the third quarter, missing analysts' estimates of 31 cents a share for the quarter. Revenue fell 16.5% year over year to $969.14 million for the quarter, below analysts' estimates of $994.3 million.

The company said gas- and fluid-handling orders fell 17.6% year over year to $444.2 million for the third quarter, compared to $539.4 million in the year-ago quarter.

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