Dover Corp. (DOV) Tops Q3 EPS by 4c, Reaffirms FY Forecast

Dover Corp. (NYSE: DOV) reported Q3 EPS of $1.16, $0.04 better than the analyst estimate of $1.12. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.99 billion.

"We continue to make strides in simplifying our portfolio. Along with our planned Wellsite separation, we recently signed an agreement to sell the consumer and industrial winch business of Warn for $250 million. This deal marks another step in streamlining our business and focusing on our core growth platforms. The Warn sale is expected to close in the fourth quarter, subject to closing conditions.

"With regard to guidance, we are reaffirming our full year EPS forecast. Our EPS guidance of $4.23 to $4.33 is based on full year revenue growth of 14% to 15% versus our prior forecast of 12% to 14%. Within this guidance, organic growth of 6% to 7%, acquisition growth of 10%, and a negative 2% impact from dispositions all remain largely unchanged. Our revenue forecast includes a neutral impact from FX for the year.

For earnings history and earnings-related data on Dover Corp. (DOV) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Boost Run, Inc. (BRUN) Reports Q2 Revenue of $31.1M
• HeartCore Enterprises, Inc. (HTCR) Misses Q2 EPS by 185c