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Stock Market & Financial Investment News

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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