Dover Corp. (DOV) Misses Q4 EPS by 1c; Guides Well-Above Street
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Dover Reports Fourth Quarter and Full Year 2017 Results and Provides 2018 Guidance
January 30, 2018 6:45 AM ESTDOWNERS GROVE, Ill., Jan. 30, 2018 /PRNewswire/ -- Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the fourth quarter and full year ended December 31, 2017.
Fourth Quarter and Full Year 2017 Financial Results:
For the fourth quarter ended December 31, 2017, Dover's revenue was $2.0 billion, an increase of 13% from the prior year. The increase in the quarter was driven by organic growth of 8%, acquisition growth of 6% and a favorable impact from foreign exchange ("FX") of 2%, partially offset by a 3% impact from dispositions. Net earnings were $296.4 million, an increase of 84%... More
