Diversified global manufacturer Dover Corp. (DOV) reported that its second-quarter net earnings were $214.1 million or $1.15 per share, down from $249.8 million or $1.32 per share in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $1.13 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues for the quarter rose to $2.16 billion from $1.99 billion in the prior year quarter. Eleven analysts had consensus revenue estimate of $2.19 billion for the quarter.
Looking forward, the company now expects full-year 2012 revenue growth of 8% - 10%, comprised of organic revenue growth of 3% - 5%, plus growth from completed acquisitions of 5%. While announcing the first-quarter result, the company had expected full year 2012 revenue growth of 10% - 12%, comprised of organic revenue growth of 5% - 7%, plus growth from completed acquisitions of 5%.
The company still expects full-year 2012 earnings per share from continuing operations in the range of $4.70 - $4.85.
Analysts expect the company to report earnings of $4.74 per share on revenues of $8.73 billion for fiscal 2012.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.