Donaldson: Fiscal 3Q Earnings Snapshot
MINNEAPOLIS (AP) _ Donaldson Co. (DCI) on Tuesday reported fiscal third-quarter net income of $75.2 million.
The Minneapolis-based company said it had net income of 58 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The maker of filtration systems posted revenue of $712.8 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $742.1 million.
Donaldson expects full-year earnings to be $2.20 to $2.24 per share.
Donaldson shares have risen 12% since the beginning of the year. The stock has risen nearly 5% in the last 12 months.