Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessDover Reports Better Than Expected Q1 Results, Reiterates Guidance

Dover Reports Better Than Expected Q1 Results, Reiterates Guidance

Add to Favorite
Added to Favorite


Dover (NYSE:DOV) reported its Q1 earnings results yesterday, with EPS of $1.94 coming in above the Street estimate of $1.93. Revenue was $2.08 billion, slightly better than the Street estimate of $2.07 billion.
Organic growth came in at 2.9%. As expected, the company’s bookings were down 3.7% year-over-year as easing the supply chain and improving lead times led to normalizing order patterns.
Free cash flow conversion was strong at approximately 70%, well above its Q1 average of 7%. 2023 EPS and growth guidance were reaffirmed. For 2023, the company expects EPS to be in the range of $8.85-$9.05, compared to the Street estimate of $8.94. Full-year revenue growth is seen at 3%-5%.

Subscribe to get Latest News Updates

Latest News

You may like more
more

CWEB analyzes Australia bill banning social media for children under 16

In late November, Australia’s Senate and House of Representatives...

Exelixis Initiated at Buy with Promising Growth Outlook

Brookline Capital Markets analysts initiated coverage of Exelixis (NASDAQ:EXEL)...

SoundHound AI Price Target Boosted to $26 Amid Surging Demand and Strategic Growth

H.C. Wainwright analysts significantly raised the price target for...

Datadog’s Growth Potential Sparks Price Target Boost to $200

Loop Capital analysts raised their price target for Datadog...