Dover Corp. (DOV) Tops Q3 EPS by 7c, Offers FY Guidance

Dover Corp. (NYSE: DOV) reported Q3 EPS of $1.36, $0.07 better than the analyst estimate of $1.29. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.76 billion.

GUIDANCE:

Dover Corp. sees FY2018 EPS of $4.80-$4.85, versus the consensus of $4.81.

• This guidance is based on full year revenue growth of approximately 2%, which is comprised of organic growth of 3%, acquisition growth of 1%, and a favorable impact from FX of 1%, partially offset by a 3% impact from dispositions.
• Dover's 2018 guidance for adjusted EPS from continuing operations excludes forecasted full year acquisition-related amortization costs and rightsizing and other costs. Dover expects its full year effective tax rate to be between 20% and 21%.

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

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