24.02.2015 12:25:16
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Donaldson Company Q2 Profit Declines; Cuts FY15 Outlook - Quick Facts
(RTTNews) - Filtration systems provider Donaldson Company, Inc. (DCI) posted second-quarter net earnings of $49.5 million or $0.35 per share, down from $58.3 million or $0.39 per share in the same quarter, a year ago.
Adjusted earnings for the quarter were $0.37 per share, up from $0.35 per share in the prior year period.
On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.37 for the quarter. Analysts' estimates typically exclude one-time items.
Net sales for the latest second quarter rose to $596.94 million from $581.62 million in the comparable quarter last year, while 9 analysts had a consensus sales estimate of $605.37 million.
For the fiscal year 2015, the company now expects adjusted earnings per share in the range of $1.65 to $1.85 and sales in the range of $2.40 billion to $2.50 billion. Analysts now forecast annual earnings of $1.86 per share on revenues of $2.56 billion.
Earlier, the company expected adjusted earnings per-share in the range of $1.77 to $1.97 and sales of between $2.50 billion and $2.60 billion.
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