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Fortive: Q4 Earnings Snapshot
By AP News - Feb 07, 2025, 07:48 AM ET
Last Updated - Feb 07, 2025, 07:48 AM EST
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.
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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.
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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
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