On Wednesday, Dover Corp (NYSE:DOV)’s shares inclined 0.57% to $61.88.
Dover (DOV) declared that for the third quarter ended September 30, 2015, revenue was $1.8 billion, a decrease of 11% from the preceding year. The decrease in revenue was driven by an organic revenue decline of 10% and an unfavorable impact from foreign exchange of 4%, partially offset by 3% growth from acquisitions. Earnings from ongoing operations were $186.5 million, a decrease of 17% as contrast to $225.7 million for the preceding year period. Diluted earnings per share from ongoing operations (“EPS”) for the third quarter ended September 30, 2015 were $1.19, contrast to $1.34 EPS in the preceding year period, representing a decrease of 11%. EPS from ongoing operations for the third quarter of 2015 comprised of discrete tax benefits of $0.05, contrast to $0.03 EPS in the preceding year period. Not Taking Into Account these items, adjusted EPS from ongoing operations for the third quarter of 2015 was $1.14, a decrease of 13% over an adjusted EPS of $1.31 in the preceding year period. EPS for the third quarter ended September 30, 2015 and 2014 comprises restructuring costs of $0.05 EPS and $0.01 EPS, respectively.
Revenue for the nine months ended September 30, 2015 was $5.3 billion, a decrease of 9% over the preceding year, reflecting an organic revenue decline of 9% and an unfavorable impact from foreign exchange of 4%, offset by 4% growth from acquisitions. Earnings from ongoing operations for the nine months ended September 30, 2015 were $459.3 million, a decrease of 24% as contrast to $606.3 million for the preceding year period. Diluted EPS for the nine months ended September 30, 2015 was $2.87, contrast to $3.57 EPS in the preceding year period, representing a decrease of 20%.
EPS from ongoing operations for the nine months ended September 30, 2015 comprised of discrete tax benefits of $0.05, contrast to $0.04 EPS in the preceding year period. Not Taking Into Account these items, adjusted EPS from ongoing operations reduced 20% to $2.82 from an adjusted EPS of $3.53 in the preceding year period. EPS for the nine months ended September 30, 2015 and 2014 comprises restructuring costs of $0.17 EPS and $0.03 EPS, respectively.
Dover Corporation manufactures and sells a range of equipment and components, specialty systems, and support services in the United States. The company operates in four segments: Energy, Engineered Systems, Fluids, and Refrigeration & Food Equipment. The Energy segment provides solutions and services for the production and processing of oil, natural gas liquids, and gas to drilling and production, bearings and compression, and automation end markets.
EP Energy Corp (NYSE:EPE)’s shares dropped -2.99% to $5.85.
EP Energy Corporation (EPE) has planned a webcast at 10:00 a.m. Eastern Time, 9:00 a.m. Central Time, on Thursday, October 29, 2015 to talk about its third quarter 2015 financial and operational results. The company’s third quarter earnings press release is planned to be issued after the New York Stock Exchange closes trading on Wednesday, October 28, 2015.
The webcast may be accessed online through the company’s website at epenergy.com in the Investor Center. Materials to be talk about during the webcast will be accessible in the Investor Center one hour proceeding to the webcast. A limited number of telephone lines will be accessible to participants by dialing 888-317-6003 (conference ID# 2041851) 10 minutes preceding to the start of the webcast.
EP Energy Corporation, an independent exploration and production company, acquires and develops unconventional onshore oil and natural gas properties in the United States.
At the end of Wednesday’s trade, Citizens Financial Group Inc (NYSE:CFG)‘s shares dipped -0.94% to $23.17.
Citizens Bank declared the appointment of Chris Nard as President of Mortgage. Nard, a mortgage industry veteran with 30 years of experience, formerly served as President and COO for Old Republic International Corporation (ORI).
While working at ORI, one of the nation’s 50 largest publicly held property and casualty insurance companies, Nard also served as chairman and CEO for the Republic Mortgage Insurance Company. In total, Nard spent more than 18 years with ORI.
Citizens Financial Group, Inc. operates as the bank holding company for Citizens Bank, N.A. and Citizens Bank of Pennsylvania that provide retail and commercial banking products and services in the United States. It operates through two segments, Consumer Banking and Commercial Banking.
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