Dover For 2024 Lowers Adjusted EPS Outlook From $9.05 - $9.20 To $8.08 - $8.18 (Est $8.84), And Revenue Growth Forecast From 3%-4% To 1%-3%.
Portfolio Pulse from Benzinga Newsdesk
Dover Corporation has lowered its adjusted EPS outlook for 2024 from $9.05-$9.20 to $8.08-$8.18, and its revenue growth forecast from 3%-4% to 1%-3%. The guidance excludes the Environmental Solutions Group business unit.
October 24, 2024 | 10:43 am
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Dover Corporation has revised its 2024 financial guidance, lowering its adjusted EPS outlook and revenue growth forecast. This adjustment reflects a more conservative financial outlook for the company.
The downward revision in Dover's adjusted EPS and revenue growth forecast suggests potential challenges in achieving previous financial targets, which could negatively impact investor sentiment and the stock price in the short term.
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