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

Reuters
07 Feb
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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10