Reported about 8 hours ago
Fortive has projected its 2025 profit and revenue to fall short of Wall Street expectations due to sluggish demand for its industrial products, leading to a more than 6% drop in its shares. The company anticipates adjusted earnings between $4 and $4.12 per share, lower than the $4.14 estimate by analysts, along with projected revenue of $6.23 billion to $6.35 billion, compared to the $6.49 billion forecast. Despite a positive fourth quarter of 2024 where profits surpassed estimates, the company is moving forward with plans to spin off its Precision Technologies segment by the third quarter of this year.
Source: YAHOO