Fortive: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 07:42 AM ET
Last Updated - Apr 24, 2024, 07:42 AM EDT
EVERETT, Wash. (AP) — EVERETT, Wash. (AP) — Fortive Corp. (FTV) on Wednesday reported first-quarter net income of $207.4 million.
On a per-share basis, the Everett, Washington-based company said it had net income of 58 cents. Earnings, adjusted for one-time gains and costs, were 83 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The industrial conglomerate posted revenue of $1.52 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.53 billion.
