Dover Corp. shares fell in the extended session Tuesday after the maker of equipment for the energy and engineering sector cut its outlook for the year. Dover shares declined 3.4% to $60. The company forecast full-year earnings of about $3.62 a share, down from its previous forecast range of $3.73 to $3.80 a share, citing weaker market conditions and internal restructuring. Dover forecast 2016 earnings of $3.85 to $4.05 a share. Analysts surveyed by FactSet had estimated earnings of $3.74 a share for 2015 and $4.01 a share for 2016.
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