Shares of Dover slid more than 4% Thursday after the industrial conglomerate delivered an earnings beat and strong guidance. Blame profit-taking and the stock outperforming the market this year. Revenue in the fourth quarter ending Dec. 31 rose 8.8% year over year to $2.1 billion, topping the consensus estimate of $2.08 billion, according to market data service LSEG. Adjusted earnings per share came in at $2.51, ahead of the $2.48 expected, according to LSEG. DOV 1Y mountain Dover 1-year return Bottom line There is a lot to like about Dover’s fourth-quarter results: sales outpaced expectations, driven by 5% organic growth, while earnings also beat expectations, thanks to profit margin expansion in its Engineered Products and Climate &…
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