DOWNERS GROVE, Ill. _ Dover Corp. on Tuesday reported fourth-quarter net income of $169.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share. Analysts expected $2.04 billion, according to Zacks.
"In the next couple of quarters, should drilling and the build-out of infrastructure slow down, these are the guys that are going to get hit," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh. Goldman Sachs pointed out in a note this week that some big manufacturers have significant exposure to the oil and gas industry.
Oct 2- Dover Corp, a maker of pumps and compressors, said it bought artificial lift pump maker Accelerated Cos LLC for about $430 million to strengthen its position in the fast-growing U.S. shale market for well development. The deal is expected to reduce Dover's continuing earnings by 3 cents per share in the fourth quarter, but add 5 to 6 cents per share to Dover's...
Oct 2- Dover Corp, a maker of pumps and compressors, said it would acquire artificial lift pump maker Accelerated Cos LLC for about $430 million.
The industrial sector may be full of slow growers, but it's added more dividend-paying companies over the past decade than any other sector.
First, the good news: we have safely put January behind us. Now for the bad news.
The relatively sharp jump in interest rates since the beginning of May has taken a toll on the stock market, and analysts see more pain ahead.
While there is not yet a "Great Rotation" out of bonds and into stocks, there is certainly a 'mini-rotation.' But into...what?
Japanese stocks are rising as Prime Minister Shinzo Abe's coalition won control of the upper house of the Parliament.
If all you followed were Google and Microsoft, you might have reason to be depressed about earnings. But look a little beyond them and you'll cheer up.
Thus far, second quarter earnings have put in a mixed showing. Not great, but at least not a horror show.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
Take a look at some of Thursday's midday movers:
With 30 percent of the S&P 500 reporting, it's clear there is a trend developing. Revenues are in trouble. But earnings continue to grow.
Good news to see some cyclicals (Materials, Energy, Tech) trading up; not good to see all 20 Dow Transports down earlier in the day.
Hot IPO market falters: Is it the poor markets or just less interest in specific companies.
Flash crash in Germany? Well, not quite.
Take a look at some of Monday's midday movers:
A few stocks still hold value, C.T. Fitzpatrick of Vulcan Value Partners says.
Invesco's Ron Sloan says he's the most bullish he's been in over a decade.