Dover Corp. (DOV) Tops Q3 EPS by 7c
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Dover Reports Third Quarter 2015 Results, Updates 2015 Guidance, And Announces Two Acquisitions
October 20, 2015 6:58 AM EDTDOWNERS GROVE, Ill., Oct. 20, 2015 /PRNewswire/ -- Dover (NYSE: DOV) announced today that for the third quarter ended September 30, 2015, revenue was $1.8 billion, a decrease of 11% from the prior year. The decrease in revenue was driven by an organic revenue decline of 10% and an unfavorable impact from foreign exchange of 4%, partially offset by 3% growth from acquisitions. Earnings from continuing operations were $186.5 million, a decrease of 17% as compared to $225.7 million for the prior year period. Diluted earnings per share from continuing operations ("EPS") for the third quarter ended September 30, 2015 were $1.19, compared to $1.34 EPS... More
