* Q4 EPS of $1.12 beats estimates of $1.03
* Sees 2012 EPS $4.70-$5
* Expects 2012 sales to grow 7-10 pct
Jan 25 U.S. industrial conglomerate Dover
Corp posted a higher-than-expected quarterly profit on
strength in its energy and consumer electronics markets.
The company forecast 2012 earnings of $4.70-$5.00 a share
from continuing operations, while analysts were estimating $4.82
a share, according to Thomson Reuters I/B/E/S.
It reaffirmed its 2012 revenue growth outlook of 7-10
percent. Analysts' expectations of $8.65 billion represent a
growth of 8 percent.
In December, Dover had said weakness in the
semiconductor and European markets could impact 2012 results.
Downers Grove, Illinois-based Dover, valued at
about $11 billion, makes a variety of products for the energy,
communications, refrigeration, fluid solutions and product
Its businesses range from industrial pumps to food
packaging equipment, drilling tools to garbage trucks and
microphones for consumer electronics.
Dover's fourth-quarter net income was $278.3 million, or
$1.49 a share, up from $198.3 million, or $1.04 a share, a year
Earnings from continuing operations were $1.12 a share,
including a tax benefit, above analysts' estimates of $1.03 a
Revenue jumped 15 percent to $2 billion, slightly below
expectations of $2.03 billion.