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Why Chart Industries (GTLS) Is Lower on Tuesday

NEW YORK (TheStreet) -- Chart Industries (GTLS - Get Report) is dropping on Tuesday after fourth-quarter sales and earnings came in below expectations.

By midafternoon, shares had dropped 8.9% to $82.04. Trading volume of 2.1 million was nearly four times its three-month daily average.

The company, which manufactures equipment for the hydrocarbon and industrial gas industry, recorded quarterly net income of 82 cents a share. Analysts surveyed by Thomson Reuters had forecast earnings of 83 cents a share.

Sales over the three months to December totaled $303.8 million, unchanged from a year earlier, but short consensus by $19.3 million.

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For fiscal 2014 ending December, management guides revenue between $1.3 billion and $1.35 billion with per-share earnings of $3.10 to $3.50. Analysts had anticipated earnings of $3.73 a share on $1.37 billion.

Also See: Chart Industries Reports Q4 and FY Results

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TheStreet Ratings team rates CHART INDUSTRIES INC as a Buy with a ratings score of B. The team has this to say about their recommendation:

"We rate CHART INDUSTRIES INC (GTLS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

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