Fortive Corporation Q2 Profit Decreases, But Beats Estimates

(RTTNews) - Fortive Corporation (FTV) released a profit for second quarter that Decreased from last year but beat the Street estimates.

The company's earnings totaled $166.6 million, or $0.49 per share. This compares with $195.1 million, or $0.55 per share, last year.

Excluding items, Fortive Corporation reported adjusted earnings of $306.4 million or $0.90 per share for the period.

Analysts on average had expected the company to earn $0.59 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 2.2% to $1.518 billion from $1.552 billion last year.

Fortive Corporation earnings at a glance (GAAP) :

-Earnings: $166.6 Mln. vs. $195.1 Mln. last year. -EPS: $0.49 vs. $0.55 last year. -Revenue: $1.518 Bln vs. $1.552 Bln last year.

Looking ahead, for the full year, the company has initiated earnings outlook.

For fiscal 2025, Fortive anticipates adjusted earnings per share of $2.50 to $2.60. This outlook reflects Fortive, on a continuing operations basis.

FTV was up by 3.15% at $52.49 in the pre-market trade on the New York Stock Exchange.