Why Colfax Corp (CFX) Stock Is Plunging Today

NEW YORK (TheStreet) -- Shares of Colfax Corp. (CFX) are falling -4.15% to $69.68 after it reported second quarter earnings of 48 cents per share, excluding non-recurring items, which was 18 cents below the Capital IQ consensus estimate of 66 cents.

Revenues rose to $1.2 billion, below the $1.26 billion consensus.

The industrial manufacturing and engineering company cited weak end markets for its fabrication technology sector.

Must Read: Warren Buffett's 25 Favorite Growth Stocks

Separately, TheStreet Ratings team rates COLFAX CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate COLFAX CORP (CFX) a BUY. This is driven by some important positives, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures, compelling growth in net income, growth in earnings per share and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

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