Dover Corp Q1 Profit Increases, beats estimates

(RTTNews) - Dover Corp (DOV) reported a profit for its first quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $229 million, or $1.63 per share. This compares with $226 million, or $1.56 per share, in last year's first quarter.

Excluding items, Dover Corp reported adjusted earnings of $273 million or $1.94 per share for the period.

Analysts on average had expected the company to earn $1.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.3% to $2.079 billion from $2.052 billion last year.

Dover Corp earnings at a glance (GAAP) :

-Earnings (Q1): $229 Mln. vs. $226 Mln. last year. -EPS (Q1): $1.63 vs. $1.56 last year. -Analyst Estimate: $1.92 -Revenue (Q1): $2.079 Bln vs. $2.052 Bln last year.