BUZZ-Fortive jumps after lifting annual profit forecast
Reuters
Oct 29
BUZZ-Fortive jumps after lifting annual profit forecast
** Shares of industrial equipment maker Fortive Corp FTV.N rise 11% to about $55 premarket
** Fortive forecasts 2025 adj. profit at $2.63 to $2.67 per share vs. prior forecast of $2.50 to $2.60 per share
** Co beat quarterly profit and revenue, aided by rising adoption of its automation software across industries
** FTV posts Q3 adj. profit of 68 cents vs Wall Street estimates of 57 cents, according to data compiled by LSEG
** It reports quarterly revenue of $1.03 bln as compared to estimate of $1.01 bln
** As of last close, shares down 13% YTD
(Reporting by Apratim Sarkar in Bengaluru)
((Apratim.Sarkar@thomsonreuters.com))
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