Shares of Dover Corporation (DOV) surged over 6% in pre-market trading on Thursday, following the company's better-than-expected fourth-quarter earnings report and optimistic guidance for 2025.
The diversified industrial manufacturer reported adjusted earnings of $2.20 per share for Q4 2024, surpassing analysts' estimates of $2.08 per share. Revenue came in at $1.93 billion, slightly below the consensus of $1.95 billion but still reflecting a year-over-year increase.
The strong performance was driven by robust demand across Dover's key business segments, particularly its fueling solutions and pump system manufacturing units. The company's CEO, Richard Tobin, cited "positive order trends" and strong bookings in sectors like single-use biopharma components, thermal connectors, and CO2 systems.
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