Diversified industrial products maker Dover Corp reported a 7 percent rise in quarterly revenue as sales rose across its energy, engineered systems and fluids businesses. The company's revenue rose to $1.89 billion from $1.76 billion, a year earlier.Dover's net income fell to $160.1 million, or 93 cents per share, in the first quarter ended March 31 from $210 million, or $1.20 cents per share, a year earlier.The company reported adjusted earnings of $1.01 per share from continuing operations.
Dover Corporation (Dover) manufactures a range of specialized products and components and also offers related services and consumables. Shares of DOV traded higher by 1.5% or $1.23/share to $83.18. 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 1637824.
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