logo
  

Donaldson Co. (DCI) Dropped Sharply After Weaker Than Expected Q1 Profit

Donaldson Co. (DCI) reported first quarter EPS of $0.40 Thursday morning, compared to $0.41 a year ago. Analysts expected EPS of $0.42. Full year 2015 EPS is expected to be between $1.77 and $1.87, compared to prior expectations of $1.81 to $2.01. Analysts are expecting EPS of $1.93.

Donaldson gapped open sharply lower Thursday and pulled back in early trade, before settling into a narrow range. The stock ended the day lower by 2.89 at $39.86 on the highest volume in 6 months. Donaldson sank to nearly a 1-month low and fell below its 50 and 200-day moving averages.

For comments and feedback contact: editorial@rttnews.com

Business News

Get Access to Premium Stock Alerts with RTT Biotech Investor.

First quarter growth data from China gained the maximum focus this week as trends in the massive emerging economy impact its trading partners. Elsewhere, the IMF released its latest global macroeconomic projections. Read our story to find out why comments from the Fed Chair Powell damped rate cut expectations. Meanwhile, there was some survey data that kindled hopes of a recovery in manufacturing. In the U.K., inflation data for March revealed some confusing trends.

View More Videos
RELATED NEWS
Follow RTT