Dover Corp. (DOV) Tops Q1 EPS by 9c, Raises FY EPS Guidance
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Dover Reports First Quarter 2017 Results And Raises Full Year Revenue And EPS Guidance
April 20, 2017 6:51 AM EDTDOWNERS GROVE, Ill., April 20, 2017 /PRNewswire/ -- Dover (NYSE: DOV) announced today that for the first quarter ended March 31, 2017, revenue was $1.8 billion, an increase of 12% from the prior year. The increase in the quarter was driven by acquisition growth of 12% and organic growth of 4%, partially offset by a 3% impact from dispositions and an unfavorable impact from foreign exchange ("FX") of 1%. Net earnings were $172.2 million, an increase of 73% as compared to $99.4 million for the prior year period. Diluted net earnings per share ("EPS") for the first quarter ended March 31, 2017, were $1.09, compared to $0.64... More
