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Dover Q3 sales miss target

Dover (DOV) shares fell after the industrial products maker reported higher Q3 profit and sales, but missed analysts' sales target. EPS rose 17% to $1.54, beating by 4 cents a share. Sales grew 2% to $2.25 bil vs. analyst consensus for $2.31 bil. CEO Robert Livingston said sales rose for oil drilling and other energy market products, refrigeration and food equipment, and printing and ID devices. Dover guided for 7% full-revenue growth to about $8.67 bil. Analysts expected $8.75 bil. Dover shares fell 1% to 87.40.