Dover Corp Q3 Profit Increases, But Misses Estimates

(RTTNews) - Dover Corp (DOV) announced a profit for its third quarter that increased from the same period last year but missed the Street estimates.

The company's earnings totaled $312.90 million, or $2.26 per share. This compares with $261.98 million, or $1.86 per share, in last year's third quarter.

Excluding items, Dover Corp reported adjusted earnings of $313.99 million or $2.27 per share for the period.

Analysts on average had expected the company to earn $2.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.3% to $1.984 billion from $1.958 billion last year.

Dover Corp earnings at a glance (GAAP) :

-Earnings (Q3): $312.90 Mln. vs. $261.98 Mln. last year. -EPS (Q3): $2.26 vs. $1.86 last year. -Revenue (Q3): $1.984 Bln vs. $1.958 Bln last year.

-Guidance: Full year EPS guidance: $8.08 - $8.18