Dover Corp. (DOV) Gains Following Solid Earnings
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Dover Reports Fourth Quarter And Full Year 2015 Results And Reaffirms 2016 EPS Guidance
January 26, 2016 6:56 AM ESTDOWNERS GROVE, Ill., Jan. 26, 2016 /PRNewswire/ -- Dover (NYSE: DOV) announced today that for the fourth quarter ended December 31, 2015, revenue was $1.7 billion, a decrease of 14% from the prior year. The decrease in revenue was driven by an organic revenue decline of 12% and an unfavorable impact from foreign exchange of 4%, partially offset by 2% growth from acquisitions. Earnings from continuing operations were $136.6 million, a decrease of 21% as compared to $171.8 million for the prior year period. Diluted earnings per share from continuing operations ("EPS") for the fourth quarter ended December 31, 2015 were $0.87, compared to $1.03 EPS... More
