Donaldson Q3: Earnings Beat, Tightened FY23 Outlook & More
Portfolio Pulse from Lekha Gupta
Donaldson Co Inc (NYSE: DCI) reported Q3 FY23 sales of $875.7 million, up 2.6% Y/Y, beating the consensus of $868.4 million. EPS stood at $0.76, exceeding the consensus of $0.74. The company tightened its FY23 outlook, with adjusted EPS now expected to be $3.00-$3.06. DCI shares traded lower by 1.58% at $63.08.
May 31, 2023 | 1:52 pm
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Donaldson Co Inc (DCI) reported better-than-expected Q3 FY23 sales and EPS, but shares traded lower by 1.58% at $63.08. The company tightened its FY23 outlook.
Donaldson Co Inc (DCI) reported better-than-expected Q3 FY23 sales and EPS, which would typically be positive for the stock. However, the company tightened its FY23 outlook, which may have caused some uncertainty among investors, leading to the stock trading lower by 1.58% at $63.08. The news is highly relevant and important for DCI investors, and the analysis is based on the information provided in the article.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100