Donaldson: Fiscal Q2 Earnings Snapshot

Associated Press Finance
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MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Donaldson Co. (DCI) on Wednesday reported fiscal second-quarter profit of $98.7 million.

On a per-share basis, the Minneapolis-based company said it had profit of 81 cents.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The maker of filtration systems posted revenue of $876.7 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $861.3 million.

Donaldson expects full-year earnings in the range of $2.90 to $3.04 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DCI at https://www.zacks.com/ap/DCI

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