Fortive Sees Q4 Adj. EPS $0.92-$0.95 vs $0.96 Est., Revenue ~$1.6B vs $1.6B Est.; Sees FY23 Adj. EPS $3.37-$3.40 vs $3.41 Est., Revenue $6B-$6.1B vs $6.1B Est.
Portfolio Pulse from Benzinga Newsdesk
Fortive Corporation has provided its Q4 and FY23 earnings guidance. The company expects Q4 adjusted EPS to be between $0.92 and $0.95, slightly below the estimated $0.96. Revenue is expected to be around $1.6B, in line with estimates. For FY23, the company anticipates adjusted EPS to be between $3.37 and $3.40, slightly below the estimated $3.41. Revenue is expected to be between $6B and $6.1B, in line with estimates.
October 25, 2023 | 11:33 am
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NEGATIVE IMPACT
Fortive Corporation's Q4 and FY23 earnings guidance is slightly below estimates, which could potentially impact the company's stock negatively in the short term.
Fortive Corporation's earnings guidance for Q4 and FY23 is slightly below the estimates. This could potentially lead to a negative sentiment among investors, which could put downward pressure on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100