MINNEAPOLIS (AP) _ Donaldson Co. (DCI) on Tuesday reported fiscal first-quarter earnings of $65 million.
On a per-share basis, the Minneapolis-based company said it had net income of 51 cents.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share.
The maker of filtration systems posted revenue of $672.7 million in the period, which also did not meet Street forecasts. Four analysts surveyed by Zacks expected $696.3 million.
Donaldson expects full-year earnings to be $2.21 to $2.37 per share.
Donaldson shares have increased 27% since the beginning of the year. The stock has declined roughly 2% in the last 12 months.