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Donaldson Company (DCI) Sank To A New Low After 2015 Forecast Slashed

Donaldson Company (DCI) announced Monday morning that it now expects to report full year 2015 adjusted EPS of $1.51 to $1.61, down from prior expectations of $1.65 to $1.85. The consensus estimate is for EPS of $1.74.

Donaldson gapped open sharply lower Monday and declined during the first hour of trade. The stock slipped further in the early afternoon and closed down by 1.96 at $35.74 on the highest volume in 11 months. Donaldson sank beneath support and set a new low for the year.

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