Dover Corporation (NYSE:DOV) outlined its second quarter earnings results on Wednesday 22nd July 2020 before market open.
The manufacturer of diversified equipment and components, reported $ 0.86 income per share for the quarter
On adjusted basis, Dover Corporation reported income for the quarter of $ 1.13 per share, beat the consensus estimate of $ 0.93 income per share by $ 0.20 or 21.51 percent.
The quarterly earnings fell 36.30 percent compared with the same quarter last year.
The firm had revenue of $ 1,499.00 million for the quarter, compared to the consensus estimate of $ 1467.30 million. The revenues outshined analysts estimates by $ 31.70 million or 2.16 percent.
The financial report showed revenues fell 17.23 percent versus second quarter of last year.
Further, the company reinstated 2020 adjusted earnings estimate to a range of $ 5.00 ~ $ 5.25 per share.Wall street analysts expected 2020 income of $ 4.88 per share on revenue of $ 6443.17 million.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
