Dover Corp Q1 adjusted earnings Beat Estimates
WASHINGTON (dpa-AFX) - Dover Corp (DOV) announced a profit for its first quarter that rose from the same period last year.
The company s bottom line came in at $232.77 million, or $1.61 per share. This compares with $176.28 million, or $1.21 per share, in last year s first quarter.
Excluding items, Dover Corp reported adjusted earnings of $262.70 million or $1.81 per share for the period.
Analysts had expected the company to earn $1.45 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items.
The company s revenue for the quarter rose 12.7% to $1.87 billion from $1.66 billion last year.
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