Dover Corp (DOV) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $632.22 million, or $4.52 per share. This compares with $228.57 million, or $1.63 per share, in last year's first quarter.
Excluding items, Dover Corp reported adjusted earnings of $272.61 million or $1.95 per share for the period.
Analysts on average had expected the company to earn $1.87 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 0.5% to $2.09 billion from $2.08 billion last year.
Dover Corp earnings at a glance (GAAP) :
-Earnings (Q1): $632.22 Mln. vs. $228.57 Mln. last year.
-EPS (Q1): $4.52 vs. $1.63 last year.
-Revenue (Q1): $2.09 Bln vs. $2.08 Bln last year.
-Guidance:
Full year EPS guidance: $9.00 to $9.15
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