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Update: Douglas Dynamics Shares Fall After Q2 Revenue Miss

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(Updates with share movement in the headline and first paragraph.)

Douglas Dynamics (PLOW) shares fell 12% in Monday trading after a Q2 revenue miss.

Revenue in the three months ended June 30 rose to $214.6 million from $194.3 million a year earlier, the company said Monday.

Four analysts polled by FactSet expected $219.5 million.

Adjusted earnings rose to $1.22 per diluted share from $1.14 a year earlier.

Four analysts expected $1.08.

The company boosted full-year guidance to adjusted EPS of $2.90 to $3.40 on revenue of $765 million to $805 million. The prior outlook was EPS of $2.55 to $3.05 on revenue of $750 million to $795 million.

Four analysts project EPS of $2.90 on revenue of $771.2 million.

Price: $38.94, Change: $-5.19, Percent Change: -11.76%

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