MINNEAPOLIS (AP) _ Donaldson Co. (DCI) on Thursday reported fiscal first-quarter net income of $61.9 million.

On a per-share basis, the Minneapolis-based company said it had profit of 48 cents.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The maker of filtration systems posted revenue of $636.6 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $615 million.

Donaldson shares have declined nearly 8% since the beginning of the year. The stock has declined nearly 4% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DCI at https://www.zacks.com/ap/DCI

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News