Market Overview

Fortive: Q3 Earnings Insights

Share:

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

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg30.jsp&referrer=https%3A%2F%2Finvestors.fortive.com%2F&eventid=2509401&sessionid=1&key=43CC2B63DB6C414CF0498D3113003050&regTag=&sourcepage=register

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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Posted-In: Earnings