In an interview on CNBC’s Mad Money, Richard Tobin said in times of uncertainty, CapEx tends to get delayed, and many of Dover’s (DOV) projects are CapEx related. “We are really pleased with the margin performance in Q1,” he added. He feels it’s difficult to forecast revenue growth in the second half of this year. The company’s highly liquid balance sheet allows continued spending on projects, he noted.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOV: