Dover up after co raises annual profit outlook

Dover

23/10/2025 15:00

** Shares of industrial parts maker Dover  up 4.3% at $174.82

** Co raises full-year profit forecast betting on resilient demand for its industrial equipment, which has benefited from increased investment in AI infrastructure

** Now expects adjusted profit for 2025 between $9.50 and $9.60 per share, from $9.35 and $9.55 per share previously

** Beats Q3 adjusted profit at $2.62 per share vs analysts' average estimate of $2.51 per share - data compiled by LSEG

** Quarterly revenue increased 5% to $2.08 billion, marginally missing estimates of $2.11 billion

** As of last close, DOV down nearly 10.7% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)

 ((Sanskriti.Shekhar@thomsonreuters.com))