Crude Oil Down 2%; Donaldson Shares Drop Following Q3 Results
Portfolio Pulse from Lisa Levin
U.S. stocks traded lower with the Dow Jones dropping over 100 points. Donaldson Co Inc shares dropped over 7% after reporting Q3 results and updating guidance. Crude oil fell 2% while gold and silver traded higher. European and Asian markets also closed lower.
May 31, 2023 | 6:39 pm
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NEGATIVE IMPACT
Advance Auto Parts shares dropped 34% after reporting worse-than-expected Q1 financial results and cutting FY23 guidance below estimates.
Advance Auto Parts' share price dropped significantly due to worse-than-expected Q1 results and lowered FY23 guidance, indicating potential challenges for the company.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 80
NEGATIVE IMPACT
Donaldson Co Inc shares dropped over 7% after reporting Q3 results and updating guidance, with sales and EPS beating consensus.
Donaldson's share price dropped due to the mixed guidance update, despite beating sales and EPS consensus. Investors may be concerned about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100