Dover Corp Q1 Profit Decreases, but beats estimates

Dover Corp (DOV) reported earnings for first quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $226.15 million, or $1.56 per share. This compares with $232.77 million, or $1.61 per share, in last year's first quarter.

Excluding items, Dover Corp reported adjusted earnings of $275.43 million or $1.90 per share for the period.

Analysts on average had expected the company to earn $1.83 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.6% to $2.05 billion from $1.87 billion last year.

Dover Corp earnings at a glance (GAAP) :

-Earnings (Q1): $226.15 Mln. vs. $232.77 Mln. last year.
-EPS (Q1): $1.56 vs. $1.61 last year.
-Analyst Estimates: $1.83
-Revenue (Q1): $2.05 Bln vs. $1.87 Bln last year.

Full year EPS guidance: Adj; $8.45 to $8.65

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