Donaldson Company Up 4.04% To $53.05 After Earnings Miss

Donaldson Company (DCI) said after close Wednesday that it earned $0.67 per share in quarter three 2022. On the revenue line, the company reported $853.2 million, beating estimates by $29.2 million. In the same quarter a year ago, the company earned $0.66 per share on revenue of $765 million.

The stock is up 4.04% to $53.05 after the report.

The firm's higher revenue growth to earnings signals that the firm has not been able to reduce costs and has seen its profit margin decrease.

Wall Street Analysts had an average rating of Buy on the stock prior to the report.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Donaldson Company has performed a little above average during the past few months. Before the report, Donaldson Company received a Long-Term Technical Rank by InvestorsObserver of 54, putting it in the top half of stocks. The firm was recently trading at a 52-week low of $48.14 on May 2, 2022 and set a 52-week high on August 30, 2021 at $69.35.

Donaldson is a leading manufacturer of filtration systems and replacement parts (including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors). The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into two segments: engine products and industrial products. Donaldson generated approximately $2.9 billion in revenue and $385 million in operating income in its fiscal 2021.