24.04.2024 13:37:39 - dpa-AFX: Fortive Corporation Q1 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Fortive Corporation (FTV) reported a profit for its
first quarter that increased from last year and beat the Street estimates.

The company's earnings totaled $207.4 million, or $0.58 per share. This
compares with $173.6 million, or $0.49 per share, in last year's first quarter.

Excluding items, Fortive Corporation reported adjusted earnings of $295.3
million or $0.83 per share for the period.

Analysts on average had expected the company to earn $0.79 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 4.1% to $1.52 billion from $1.46
billion last year.

Fortive Corporation earnings at a glance (GAAP) :

-Earnings (Q1): $207.4 Mln. vs. $173.6 Mln. last year.
-EPS (Q1): $0.58 vs. $0.49 last year.
-Revenue (Q1): $1.52 Bln vs. $1.46 Bln last year.

-Guidance:
Next quarter EPS guidance: $0.90 - $0.93
Next quarter revenue guidance: $1.6 Bln
Full year EPS guidance: $3.77 - $3.86
Full year revenue guidance: $6.35 - $6.43 Bln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
FORTIVE CORP. DL-,01 A2AJ0F Frankfurt 70,880 14.05.24 08:16:14 -0,160 -0,23% 0,000 0,000 70,880 70,880

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