Recap: Dover Q2 Earnings

Shares of Dover DOV were flat in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 27.56% year over year to $1.13, which beat the estimate of $0.93.

Revenue of $1,499,000,000 decreased by 17.23% from the same period last year, which beat the estimate of $1,470,000,000.

Looking Ahead

2020 EPS expected between $5.00 and $5.25.

How To Listen To The Conference Call

Date: Jul 22, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/s325pbtp

Technicals

52-week high: $120.26

Company's 52-week low was at $62.95

Price action over last quarter: Up 19.89%

Company Profile

Dover is a diversified industrial manufacturing company with products and services that include digital printing for fast-moving consuming goods, marking and coding for the food and beverage industry, loaders for the waste collection industry, pumps for the transport of fluids, including petroleum and natural gas, and commercial refrigerators used in groceries and convenience stores. Most of the business operates in the United States. After the spin-off of Apergy, the company operates through five segments: engineered systems, fueling solutions, imaging & identification, pumps and process solutions, and refrigeration and food equipment.