Dover falls after cutting annual profit forecast

Dover

24/04/2025 13:16

** Industrial parts maker Dover's DOV.N shares fall 3.8% to $160 premarket after co cut full-year adj profit forecast

** DOV lowered full-year adjusted profit range to $9.20 per share to $9.40 per share, compared with $9.30 per share to $9.50 per share expected previously

** Co posted Q1 adj EPS of $2.05 per share, higher than analysts' estimates of $1.98 per share, according to data compiled by LSEG.

     ** Illinois-based co posted Q1 revenue of $1.87 billion, roughly in-line with analysts' estimates

** 12 of 20 brokerages rate the stock "buy" or higher, 8 "hold"; their median PT is $209 - LSEG

       ** As of last close, stock had fallen 11.3% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))