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Stock Market & Financial Investment News

News Breaks
November 14, 2012
05:02 EDTDOVDover trades at an unfair discount to the market/competitors, Barron's says
Dover (DOV) looks like one of the better U.S. conglomerates to own as its shares start to get proper credit for a portfolio of smart, growing businesses, Barron's contends. Its undervaluation is partly due to missteps and money lost this year on newly-acquired Sound Solutions. Dover is expected to produce double-digit earnings growth in 2013 -- besting many competitors. While the stock is trading at 11.7x estimated earnings for next year, some industrial conglomerate competitors are trading well ahead of 13x forward earnings. Dover also recently approved an additional $1B in share repurchases. Reference Link
News For DOV From The Last 14 Days
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July 21, 2015
07:11 EDTDOVDover says Q2 impacted by diminished demand, inventory reductions
CEO Robert Livingston commented, "In the quarter, we continued to be impacted by diminished demand and customer inventory reductions in our North American Energy markets. We were also affected by reduced customer capital spending in retail refrigeration, oil & gas related pump markets and our industrial businesses within Engineered Systems. These factors offset the benefits of our broad-based cost containment initiatives and restructuring actions, causing our overall results to be below our prior expectations."
07:11 EDTDOVDover reports Q2 organic revenue down 10%
The company saw a 4% unfavorable impact from foreign exchange in Q2.
07:02 EDTDOVDover sees FY15 adjusted EPS $3.75-$3.90, consensus $3.78
The EPS includes 16c-19c of restructuring charges. Sees FY15 revenue to decline 8%-9%, consensus $7.04B. The company said completed acquisitions will provide approximately 3% and FX is expected to be a 4% headwind.
07:01 EDTDOVDover reports Q2 EPS 97c, consensus 99c
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July 20, 2015
15:01 EDTDOVNotable companies reporting before tomorrow's open
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