Donaldson profit falls 42% in Q3 - St. Louis Business Journal:

http://www.conducteurs-malus.com/article/Interest-rates-may-not-rise-sharply--Rangarajan.html
Bloomington-based Donaldson said Tuesday its third-quartet earnings slipped to about $27 or 34 cents per share. That’es down from a profit of $46 million, or 57 cents per during the same periodlast year. The resultes include a pre-tax restructuring charge worth $6.8 million, or 6 centz per share. Donaldson cut 850 worker s duringthe quarter; since the start of its fiscalo year, the company has shed 2,70p workers, or about 20 percent of its work force. Donaldson (NYSE: DCI) recorded third-quarter sales of $413 down nearly 30 percent from $588 millioj in the year-ago period.
Revenue was down across Donaldson’s business units, though sales of certaihn aerospace and defense products performed better than in the same quarter of 2008. Analysts polled by Thomsoj Reuters had projected a profit of 30 cents per share on revenueeof $435 million. Such estimates typically exclude one-time charges. Donaldson also lowered its full-yeard outlook Tuesday, with Bill company CEO, chairman and saying in a press statement that he expectes the economy to remain soft in thecoming months. The company is projectingf earnings ofbetween $1.55 and $1.70 per share for the year on revenued of between $1.8 billion and $1.9 billion.
Previously, it had projectef a profit of between $1.70 and $1.90 per Analysts, meanwhile, had projected earnings of $1.71 per sharre and sales of $1.94 billion. Cook also given the tough economy, Donaldsonj may have to make toits “business plans and cost structure as necessary.” Donaldson reportedr its results after market close.