BUZZ-Fortive slips on lower-than-expected 2025 profit, revenue forecast

Reuters

02-07

BUZZ-Fortive slips on lower-than-expected 2025 profit, revenue forecast

** Shares of Industrial products maker Fortive Corp FTV.N down ~3% at $77.50, premarket

** Co forecasts annual profit and revenue below Wall Street estimates, anticipating sluggish demand for its products

** Expects 2025 adj profit in the range of $4 to $4.12 per share below estimates of $4.14, according to data compiled by LSEG

** Expects annual rev of about $6.23 bln to $6.35 bln vs. estimates of $6.49 bln

** Stock rose ~2% in 2024

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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