Investing.com - Dover reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Dover announced earnings per share of $2.14 on revenue of $2.16B. Analysts polled by Investing.com anticipated EPS of $2.07 on revenue of $2.18B.
Dover shares are up 1% from the beginning of the year and are trading at $125.70 , down-from-52-week-high.They are outperforming the S&P 500 which is down 16.92% from the start of the year.
Dover follows other major Industrials sector earnings this month
Dover's report follows an earnings missed by Lockheed Martin on Tuesday, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $6.34 on revenue of $15.99B.
CSX had beat expectations on Wednesday with second quarter EPS of $0.54 on revenue of $3.82B, compared to forecast for EPS of $0.4682 on revenue of $3.65B.
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