missed analysts' fourth-quarter earnings expectations, posting net income of $23.5 million, or 12 cents a share, down from $134.7 million, or 66 cents a share, in the year ago quarter. Wall Street had been expecting 16 cents a share, according to Thomson Financial/First Call.
Sales for the quarter dropped to $1.05 billion from $1.32 billion a year ago.
The industrial product and equipment maker attributed the lower-than-expected results to weakness in the electronics business.
Shares of Dover closed at $34.97 Friday on the New York Stock Exchange.