Dover Corp. (DOV) Tops Q4 EPS by 8c
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Dover Reports Fourth Quarter And Full Year 2016 Results
January 26, 2017 6:45 AM ESTDOWNERS GROVE, Ill., Jan. 26, 2017 /PRNewswire/ -- Dover (NYSE: DOV) announced today that for the fourth quarter ended December 31, 2016, revenue was $1.8 billion, an increase of 5% from the prior year. The increase in the quarter was driven by acquisition growth of 11%, offset by an organic revenue decline of 2%, a 3% impact from dispositions, and an unfavorable impact from foreign exchange of 1%. Earnings from continuing operations were $161.2 million, an increase of 18% as compared to $136.6 million for the prior year period. Diluted earnings per share from continuing operations ("EPS") for the fourth quarter ended December 31, 2016, were $1.03,... More
