Tuesday, Colfax Corp. (CFX) said its third-quarter net profit dipped to $1.81 million or $0.04 per share from $13.65 million or $0.31 per share in the prior year period.
Adjusted net income for the quarter declined to $10.00 million or $0.23 per share from $12.14 million or $0.28 per share in the year-ago period. On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.20 per share for the quarter.
Net sales for the quarter decreased to $128.54 million from $153.46 million in the comparable period. Five analysts estimated revenues of $122.37 million for the quarter.
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