Dover Raises FY24 Adjusted EPS Outlook From $9.00 - $9.15 To $9.05 - $9.20 (Est $9.10); Revises Revenue Growth Forecast From 2% - 4% To 3% - 4%
Portfolio Pulse from Benzinga Newsdesk
Dover Corporation has raised its FY24 adjusted EPS outlook from $9.00 - $9.15 to $9.05 - $9.20 and revised its revenue growth forecast from 2% - 4% to 3% - 4%. The company cites positive order trends and healthy end market demand as key factors.
July 25, 2024 | 10:39 am
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Dover Corporation has raised its FY24 adjusted EPS outlook and revised its revenue growth forecast, indicating strong performance and positive order trends.
The upward revision in both EPS and revenue growth forecasts suggests that Dover is experiencing strong operational performance and market demand. This is likely to positively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100