Donaldson Company touches 3-week lows post Q1 earnings miss
30/11/2022 17:20
** Air and liquid filtration manufacturer Donaldson Company
Inc's shares DCI.N fall as much as 2.5% to $58.9 - touching
more than three-week lows after Q1 earnings miss
** DCI reports Q1 earnings of 70 cents/shr, a cent short of
analysts' estimates - Refinitiv IBES data
** Co posts a 29% drop in sales in the special applications
segment
** For the full year, CEO Tod Carpenter expects currency
headwinds along with macro uncertainty to impact earnings
** Two of six brokerages rate the stock "buy" or higher,
four "hold"; their median PT is $57
(Reporting by Johann M Cherian in Bengaluru)
((johann.mcherian@thomsonreuters.com;))