UPDATE: Donaldson Reports Upbeat Q4 Results, Issues 2012 Forecast

Donaldson Co Inc DCI reported better-than-expected quarterly results. Donaldson reported its quarterly earnings at $65.8 million, or $0.84 per share, up from $51.2 million, or $0.65 per share, in the year-ago period. Its revenue surged 21% to $625 million. Its engine product sales climbed to $398 million. However, analysts were expecting earnings of $0.79 per share, on revenue of $619.6 million. Donaldson projects 2012 earnings of $3.15 to $3.45 per share, on revenue of $2.45 to $2.60 billion. Analysts were expecting earnings of $3.21 per share, on revenue of $2.52 billion. Donaldson shares gained 3.75% to close at $53.61 on Friday.