Dover Expects FY23 GAAP EPS Of $7.68 To $7.83 (Prior $7.81-$8.01) And Adjusted EPS Of $8.85-$9.00 (Prior $8.85 - $9.05) Vs. $8.98 Est.; Sees Revenue Growth Of 2%-4%
Portfolio Pulse from Benzinga Newsdesk
Dover Corporation has revised its FY23 GAAP EPS guidance to $7.68-$7.83 from the previous $7.81-$8.01, and maintained its adjusted EPS at $8.85-$9.00. The company expects a revenue growth of 2%-4% for the full year.
July 25, 2023 | 10:42 am
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Dover Corporation has lowered its FY23 GAAP EPS guidance, which could potentially impact investor sentiment and the company's stock price.
Dover Corporation has lowered its GAAP EPS guidance for FY23, which indicates that the company expects lower earnings than previously anticipated. This could potentially lead to a negative reaction from the market, impacting the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100