Update: Douglas Dynamics Shares Fall After Q2 Revenue Miss
(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%
