Fortive Q2: 4.3% Sales Growth, Earnings Beat & More
Portfolio Pulse from Lekha Gupta
Fortive Corp reported Q2 2023 sales growth of 4.3% Y/Y to $1.53 billion, beating the consensus of $1.51 billion. Adjusted EPS improved 9% Y/Y to $0.85, beating the consensus of $0.81. The company raised the adjusted EPS outlook to $3.36-$3.42. For Q3 2023, Fortive anticipates revenue of approximately $1.505 billion-$1.52 billion and adjusted EPS of $0.82-$0.85.
July 26, 2023 | 2:48 pm
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Fortive Corp reported better than expected Q2 2023 results and raised its EPS outlook, which could positively impact its stock price.
Fortive Corp's Q2 2023 results exceeded expectations, with sales growth of 4.3% Y/Y and an adjusted EPS improvement of 9% Y/Y. The company also raised its EPS outlook, indicating confidence in its future performance. This positive news is likely to boost investor sentiment and could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100