EVERETT, Wash. (AP) — EVERETT, Wash. (AP) — Fortive Corp. (FTV) on Friday reported fourth-quarter profit of $208.8 million.
The Everett, Washington-based company said it had profit of 60 cents per share. Earnings, adjusted for non-recurring costs, came to $1.17 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The industrial conglomerate posted revenue of $1.62 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $1.63 billion.
For the year, the company reported profit of $832.9 million, or $2.36 per share. Revenue was reported as $6.23 billion.
For the current quarter ending in March, Fortive expects its per-share earnings to range from 83 cents to 86 cents.
The company said it expects revenue in the range of $1.48 billion to $1.51 billion for the fiscal first quarter.
Fortive expects full-year earnings in the range of $4 to $4.12 per share, with revenue ranging from $6.23 billion to $6.35 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTV at https://www.zacks.com/ap/FTV
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.