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| Dover Corporation reports 1Q 2009 results Dover Corp announced that for the first quarter ended March 31, 2009, it had earnings from continuing operations of $61.1 million or $0.33 diluted earnings per share ("EPS"), compared to $147.9 million or $0.77 EPS from continuing operations in the prior-year period, representing decreases of 59% and 57%, respectively. Included in the first quarter results were pre-tax restructuring charges of $35.2 million, or a negative EPS impact of $0.12. Revenue for the first quarter of 2009 was $1.4 billion, a decrease of 26% over the prior-year period. The revenue decrease was driven by a decline in core business revenue of 22% and by a negative impact of foreign exchange of 4%. Net earnings for the first quarter of 2009 were $53.4 million or $0.29 EPS, including a loss from discontinued operations of $7.7 million or $0.04 EPS, compared to net earnings of $147.2 million or $0.76 EPS for the same period of 2008, which included a negligible loss from discontinued operations. write your comments about the article :: © 2009 Construction News :: home page |