01.03.2016 13:07:49

Donaldson Company Inc. Bottom Line Falls 23% In Q2

(RTTNews) - Donaldson Company Inc. (DCI) announced a profit for second quarter that decreased from last year.

The company said its profit declined to $39.0 million, or $0.29 per share. This was lower than $50.8 million, or $0.36 per share, in last year's second quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.1% to $517.2 million. This was down from $588.5 million last year.

Donaldson Company Inc. earnings at a glance:

-Earnings (Q2): $39.0 Mln. vs. $50.8 Mln. last year. -Earnings Decline (Y-o-Y): -23.2% -EPS (Q2): $0.29 vs. $0.36 last year. -EPS Decline (Y-o-Y): -19.4% -Analysts Estimate: $0.34 -Revenue (Q2): $517.2 Mln vs. $588.5 Mln last year. -Revenue Change (Y-o-Y): -12.1%

-Guidance: Full year EPS guidance: $1.51 - $1.61 Full year revenue guidance: $2.20 - $2.25 Bln

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