Donaldson’s Earnings Report

Our filtration company, Donaldson (DCI), released pretty bad earnings after the close. For their fiscal fourth quarter, Donaldson made 35 cents a share which was five cents better than estimates but still down from 60 cents a year ago. Sales dropped over 30%.
More bad news is that the company sees fiscal 2010 EPS ranging between $1.44 and $1.64 which is less than Wall Street was expecting. I’m afraid that the stock is too high right now.

Posted by on September 1st, 2009 at 11:26 pm


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