Industrial Products Manufacturer Dover's Q3: Flat Sales, EPS Beat, Conservative Outlook & More
Portfolio Pulse from Shivani Kumaresan
Dover Corp (NYSE:DOV) reported Q3 FY23 revenue of $2.153 billion, missing the analyst consensus estimate of $2.22 billion. Organic revenue fell 2%. Adjusted EPS of $2.35 beat the consensus estimate of $2.33. The company has revised its FY23 outlook to a more conservative stance due to changes in market conditions observed in Q3. DOV shares are trading lower by 2.16% at $130.96.
October 24, 2023 | 3:20 pm
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Dover Corp's Q3 revenue missed estimates and the company has revised its FY23 outlook to a more conservative stance. This news has led to a decrease in DOV's share price.
Dover Corp's Q3 revenue missed analyst estimates, and the company has revised its FY23 outlook to a more conservative stance due to changes in market conditions. This has likely contributed to the decrease in DOV's share price.
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