Donaldson Q2 Adj EPS $0.81 Beats $0.74 Estimate, Sales $876.70M Beat $873.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Donaldson (NYSE:DCI) reported Q2 adjusted EPS of $0.81, surpassing the $0.74 estimate, and sales of $876.70M, exceeding the $873.60M estimate. This represents an 8% increase in earnings and a 5.84% increase in sales from the same period last year.
February 28, 2024 | 11:12 am
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Donaldson reported a strong Q2 with adjusted EPS of $0.81 and sales of $876.70M, beating both earnings and sales estimates.
Donaldson's Q2 earnings and sales beat not only demonstrates the company's ability to exceed analyst expectations but also indicates a strong year-over-year growth in both earnings (8%) and sales (5.84%). This positive performance is likely to instill investor confidence and could lead to a short-term uptick in DCI's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100