Dover Q2 EPS $2.05 Misses $2.20 Estimate, Sales $2.10B Miss $2.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Dover Corporation (NYSE:DOV) reported Q2 earnings of $2.05 per share, missing the analyst consensus estimate of $2.20 by 6.82%. This is a 4.21% decrease from the same period last year. The company also reported quarterly sales of $2.10 billion, missing the analyst consensus estimate of $2.20 billion by 4.55%. This is a 2.73% decrease from the same period last year.
July 25, 2023 | 10:36 am
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NEGATIVE IMPACT
Dover's Q2 earnings and sales missed estimates, which could negatively impact the stock in the short term.
Dover's earnings and sales for Q2 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100