* Q3 adj EPS $0.65 vs est $0.59
* Q3 revenue up 21 pct, beats Street
May 24 Air and liquid filtration maker
Donaldson Co Inc (DCI.N) posted third-quarter results that
raced past Wall Street estimates, helped by cost-reduction
For the third quarter ended April 30, the company reported
net income of $49.5 million, or 62 cents a share, compared with
$26.6 million, or 34 cents a share, a year ago.
On an adjusted basis, the company earned 65 cents a share.
Revenue rose 21 percent to $497.6 million.
Improving global economic conditions, new product
introductions and emerging-market growth led to the rise in
Analysts on average were expecting the company to earn 59
cents a share, before special items, on revenue of $475.3
million, according to Thomson Reuters I/B/E/S.
The company also kept it full-year 2010 earnings forecast
of $2.10 to $2.20 a share, excluding items, on sales of $1.83
billion to $1.86 billion. [ID:nSGE64H0LU]
Analysts on average were expecting earnings of $2.03 a
share, on revenue of $1.83 billion for 2010. [ID:nASA00ECF]
Shares of the company closed at $42.17 Monday on the New
York Stock Exchange.
(Reporting by Fareha Khan in Bangalore; Editing by