Dover Corp. (DOV) Tops Q2 EPS by 3c; Raises Outlook
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Dover Reports Second Quarter 2017 Results And Raises Full Year Revenue And EPS Guidance
July 20, 2017 6:45 AM EDTDOWNERS GROVE, Ill., July 20, 2017 /PRNewswire/ -- Dover (NYSE: DOV) announced today that for the second quarter ended June 30, 2017, revenue was $2.0 billion, an increase of 18% from the prior year. The increase in the quarter was driven by organic growth of 10% and acquisition growth of 12%, partially offset by a 3% impact from dispositions and an unfavorable impact from foreign exchange ("FX") of 1%. Net earnings were $164.1 million, an increase of 39% as compared to $118.3 million for the prior year period. Diluted net earnings per share ("EPS") for the second quarter ended June 30, 2017, were $1.04, compared to $0.76... More
