Fortive Corporation (FTV) saw its stock plummet 5.62% in pre-market trading on Friday, following the release of its fourth-quarter 2024 financial results and guidance for the full year 2025 and the first quarter of 2025.
The company reported adjusted earnings per share of $1.17 for Q4 2024, beating the consensus estimate of $1.12. However, its revenue of $1.620 billion missed the analyst consensus estimate of $1.624 billion, representing a 2.27% year-over-year increase.
Fortive's guidance for the full year 2025 fell short of analyst expectations, with the company forecasting revenue in the range of $6.23 billion to $6.35 billion, compared to the FactSet estimate of $6.47 billion. Additionally, the company's guidance for the first quarter of 2025 was also below analyst estimates, with projected revenue of $1.48 billion to $1.51 billion and adjusted earnings per share of $0.83 to $0.86, versus the consensus estimates of $1.565 billion and $0.91, respectively.
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