WIMI - US Stocks Lower; Donaldson Earnings Beat Views | Benzinga
U.S. stocks traded lower this morning, with the Dow Jones falling more than 70 points on Tuesday.
Following the market opening Tuesday, the Dow traded down 0.20% to 38,493.85 while the NASDAQ fell 0.22% to 16,790.91. The S&P 500 also fell, dropping, 0.24% to 5,270.55.
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Leading and Lagging Sectors
Real estate shares rose by 0.2% on Tuesday.
In trading on Tuesday, energy shares fell by 1.7%.
Top Headline
Donaldson Company Inc (NYSE:DCI) reported better-than-expected third-quarter earnings and raised its FY24 guidance.
Sales increased 6.0% Y/Y to $927.9 million beating the consensus of $915.8 million, led by higher volume growth and pricing benefits. Adjusted EPS rose 21.7% Y/Y to 92 cents, beating the consensus of 83 cents.
Donaldson raised its FY24 EPS forecast to $3.33-$3.39 (vs. consensus of $3.27) from $3.24-$3.32. The company now anticipates sales growth of 4%-6% Y/Y (vs. 3%-7% earlier).
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