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Investing.com -- Shares in Dover Corp. rose in Thursday premarket trading after the diversified industrial manufacturer reported better-than-expected earnings for the third quarter.
The company reported Q3 earnings per share (EPS) of $2.62, surpassing the consensus estimate of $2.51. Revenue for the quarter grew 5% year-over-year to $2.08 billion, just below the $2.11 billion expected by analysts.
The stock was up 1.4% in premarket trading as of 06:41 ET.
"We are pleased with Dover’s third quarter results. Top line performance in the quarter was driven by broad-based shipment growth in short cycle components, continued strength across our secular-growth end markets, and outperformance from recently-closed acquisitions," said Dover President and CEO Richard Tobin.
"These gains more than offset near-term headwinds in two capital goods-exposed end markets, vehicle aftermarket and refrigerated door cases, each of which we expect to improve through the balance of the year," he added.
Dover forecasts full-year 2025 EPS of $9.50 to $9.60, versus the consensus estimate of $9.47.
