Dover Corp. (DOV) reported fourth-quarter net earnings stood at $99.0 million or $0.53 per share compared with $120.7 million or $0.65 per share for the same period of 2008.
Earnings from continuing operations were $102.4 million or $0.55 per share compared with $169.6 million or $0.91 per share in the prior-year period, each representing a 40% decline. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.49 for the quarter. Analysts' estimate typically excludes one-time items.
Revenue from continuing operations for the fourth quarter of 2009 was $1.5 billion, a decrease of 12.7% over the earlier year period. Two analysts estimated revenues of $1.46 billion for the quarter.
Additionally, the company expects 2010 full-year earnings per share from continuing operations to be in range of $2.35 - $2.65. Eight analysts anticipate full-year 2010 earnings per share of $2.38.
Looking forward, Dover Corp. projects full-year 2010 revenue growth of 7% - 9%, representing organic revenue growth of 4% - 6%, plus growth of 3% from acquisitions completed in 2009.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.