BUZZ-Fortrea tumbles on weak 2025 revenue forecast

Reuters
03-03
BUZZ-Fortrea tumbles on weak 2025 revenue forecast

** Contract research firm Fortrea Holdings' FTRE.O shares fall 14.9% to $11.79 premarket

** Co forecasts 2025 revenue in the range of $2.45 bln to $2.55 bln, lower than analysts' average estimate of $2.73 bln as per data compiled by LSEG

** FTRE posts Q4 revenue of $697 mln, missing analysts' average estimate of $703.2 mln

** Stock has fallen 63% in the past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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