logo
  Join        Login             Stock Quote

Dover (DOV) Reduces 2012 Earnings Forecast; Guides 2013

 December 10, 2012 01:44 PM
 


(By Balachander) Dover Corp. (NYSE: DOV) reduced its earnings outlook for the full year 2012 with the diversified manufacturer mainly citing a 18-cent drop from discontinuing certain businesses serving the electronic assembly and test markets.

Downers Grove, Illinois-based Dover also guided 2013 earnings per share (EPS) from continuing operations of $5.05 to $5.35 on revenue growth of 7 percent to 9 percent.

2013 forecast is based on organic revenue growth of 3 percent to 5 percent and acquisition growth of 4 percent.

Wall Street analysts, on average, expect EPS of $4.62 for 2012 and $5.21 for 2013.

[Related -Weekly Options Constructive On Home Depot]

The company's 2012 updated forecast also reflects a 2 cent reduction related to certain one-time costs associated with the recent Anthony acquisition and accretion of one cent from fourth quarter share repurchase activity.

The company operates in four segments: Communication Technologies, Energy, Engineered Systems and Printing & Identification.

DOV shares dropped 0.47 percent to trade at $63.43 on Monday. Over the past year, shares have been trading between $50.27 and $67.20.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageOld Bank's New Breakout has Big Rally Potential

One of my favorite things to see in a long candidate is a pattern of beating Wall Street's earnings read on...

article imageIs The Stock Market's 5-Year Return A Useful Proxy For Valuation?

Tobin’s Q, a market-valuation metric, is back in the news, in part thanks to a widely read Bloomberg read on...

article image4 Dogs To Sell Immediately

Despite the chorus of analysts and investors calling for the long-awaited correction, the market is showing read on...

article imageThe Fed's Magical Mystery Tour

What's going on at the Fed? Notorious dove, Charles Evans of the Chicago Fed, gave a speech in read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.