Dover Boosts FY20 Earnings Guidance - Quick Facts

(RTTNews) - While reporting financial results for the third quarter on Tuesday, diversified manufacturer Dover Corp. (DOV) raised its earnings and adjusted earnings guidance for the full-year 2020, based on the improved operating results in the third quarter and a healthy order backlog.

For fiscal 2020, the company now projects earnings in a range of $4.52 to $4.57 per share and adjusted earnings in a range of $5.40 to $5.45 per share.

Previously, the company expected earnings in the range of $4.16 to $4.41 per share and adjusted earnings in the range of $5.00 to $5.25 per share.

On average, 16 analysts polled by Thomson Reuters expect the company to report earnings of $5.24 per share for the year. Analysts' estimates typically exclude special items.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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