For FY24, Dover Updated Adj. EPS Outlook To $9.00-$9.15 (From $8.95-$9.15 Prior) Vs. Consensus Of $9.06; Reaffirms Revenue Growth Of 2%-4% And 1%-3% On An Organic Basis
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Dover has updated its adjusted EPS outlook for FY24 to $9.00-$9.15, from the previous range of $8.95-$9.15, aligning with a consensus of $9.06. The company also reaffirmed its revenue growth forecast of 2%-4%, with 1%-3% of this growth expected to be organic.
April 25, 2024 | 11:15 am
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Dover updates its FY24 adjusted EPS outlook to $9.00-$9.15, previously $8.95-$9.15, and reaffirms revenue growth of 2%-4%, with 1%-3% organic growth.
Dover's updated EPS outlook suggests a positive adjustment towards the higher end of their previous forecast, indicating potential operational efficiency or market strength. The reaffirmation of revenue growth, especially organic, underscores steady business growth. This update is likely to be viewed positively by investors, potentially leading to a short-term uptick in DOV's stock price.
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