Dover Corp. (DOV) Misses Q2 EPS by 2c

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Go back to Dover Corp. (DOV) Misses Q2 EPS by 2c

Dover Reports Second Quarter 2015 Results

July 21, 2015 7:00 AM EDT

DOWNERS GROVE, Ill., July 21, 2015 /PRNewswire/ -- Dover (NYSE: DOV) announced today that for the second quarter ended June 30, 2015, revenue was $1.8 billion, a decrease of 10% from the prior year. The decrease in revenue was driven by an organic revenue decline of 10% and a 4% unfavorable impact from foreign exchange, partially offset by 4% growth from acquisitions. Earnings from continuing operations were $155.6 million, a decrease of 26% as compared to $210.6 million for the prior year period. Diluted earnings per share from continuing operations ("EPS") for the second quarter ended June 30, 2015 were $0.97, compared to $1.25 EPS in... More