Fortive: Q2 Earnings Insights

Shares of Fortive FTV rose 1.37% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share fell 24.44% year over year to $0.68, which beat the estimate of $0.57.

Revenue of $1,571,000,000 declined by 15.76% year over year, which beat the estimate of $1,480,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Fortive hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 28, 2020

Time: 05:30 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=https%3A%2F%2Finvestors.fortive.com%2Fevents-and-presentations%2Fdefault.aspx&eventid=2509386&sessionid=1&key=54C3A5C68981D9407D09424F7FA25065&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $80.61

Company's 52-week low was at $37.31

Price action over last quarter: Up 16.92%

Company Profile

Spun off from Danaher in 2016, Fortive is a diversified industrial firm operating in two business segments: professional instruments and industrial technologies. The company serves a wide range of end markets, including retail fueling, manufacturing, medical, automotive aftermarket, and power. Its broad array of products includes test tools, sensors, fueling equipment, telematics, point-of-sale and payment systems, and associated software. Fortive generated roughly $7.3 billion in revenue and $1.6 billion in adjusted operating income in 2019.