Dover Corp. (DOV) PT Lowered to $93 at BMO Capital
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Dover Reports Second Quarter 2018 Results
July 19, 2018 6:45 AM EDTDOWNERS GROVE, Ill., July 19, 2018 /PRNewswire/ -- Dover (NYSE: DOV), a diversified global manufacturer, announced its financial results for the second quarter ended June 30, 2018.
Second Quarter 2018 Financial Results:
For the second quarter ended June 30, 2018, Dover's revenue was $1.8 billion, an increase of 3% from the prior year. The increase in the quarter was driven by organic growth of 3% and a favorable impact from foreign exchange ("FX") of 2%, partially offset by a net 2% impact from previous acquisitions and dispositions. Earnings from continuing operations were $166.5 million, an increase of 17% as compared to $142.5 million... More
