Recap: Donaldson Q2 Earnings
Portfolio Pulse from Benzinga Insights
Donaldson (NYSE:DCI) reported Q2 earnings with an EPS of $0.81, beating estimates by 9.0% and showing a revenue increase of $48.40 million from the previous year. This follows a pattern of surpassing EPS estimates in recent quarters, with a notable 1.0% share price increase after last quarter's earnings beat.
February 28, 2024 | 11:05 am
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Donaldson reported a 9.0% earnings beat for Q2 with an EPS of $0.81 and a significant year-over-year revenue increase. This continues their trend of surpassing earnings expectations.
Donaldson's consistent performance in beating EPS estimates, coupled with a significant revenue increase from the previous year, suggests a positive short-term impact on its stock price. Historical data shows a 1.0% increase in share price following last quarter's earnings beat, indicating a likely positive investor reaction to the Q2 earnings report.
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