Diversified industrial products maker Dover Corp posted a higher-than-expected quarterly revenue as sales rose across its engineered systems and energy equipment businesses.The company's sales from engineered systems, its largest business, rose 7.3 percent to $649.8 million in the first quarter ended March 31.The unit, which makes products for the aerospace and automobile industries, contributed 34 percent to Dover's total revenue.Dover, a maker of garbage truck compactors, car washes, drill bits for oil rigs and other industrial products, spun off its telecom products unit in February to focus on its more profitable businesses.
Dover Corporation (Dover) manufactures a range of specialized products and components and also offers related services and consumables. Shares of DOV traded higher by 1.39% or $1.16/share to $84.34. In the past year, the shares have traded as low as $55.98 and as high as $85.93. On average, 1676320 shares of DOV exchange hands on a given day and today's volume is recorded at 673598.
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