Fortive: Q3 Earnings Insights
Shares of Fortive (NYSE:FTV) were unchanged after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share increased 8.05% year over year to $0.94, which beat the estimate of $0.86.
Revenue of $1,902,000,000 rose by 2.26% year over year, which beat the estimate of $1,860,000,000.
Looking Ahead
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Oct 27, 2020
Time: 05:30 PM
Price Action
Company's 52-week high was at $82.12
52-week low: $37.31
Price action over last quarter: Up 3.43%
Company Overview
Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $7.3 billion in revenue and $1.6 billion in adjusted operating income in 2019.
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