Donaldson (DCI) Misses Q2 EPS by 5c; Trims FY16 Outlook

Donaldson (NYSE: DCI) reported Q2 EPS of $0.29, $0.05 worse than the analyst estimate of $0.34. Revenue for the quarter came in at $517.2 million versus the consensus estimate of $534.69 million.

GUIDANCE:

Donaldson sees FY2016 revenue of $2.20-2.25 million. The updated outlook reflects a sales decline of 5 percent to 7 percent below last year, compared with prior guidance of 3 percent to 7 percent below last year.

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