Fortive shares are trading lower after the company reported worse-than-expected Q3 revenue results and issued Q4 and FY23 adjusted revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Fortive reported lower than expected Q3 revenue results and issued Q4 and FY23 adjusted revenue guidance below estimates, causing its shares to trade lower.
October 25, 2023 | 3:03 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Fortive's shares are trading lower due to disappointing Q3 revenue results and lower than expected Q4 and FY23 revenue guidance.
Fortive's lower than expected Q3 revenue results and lower than expected Q4 and FY23 revenue guidance are likely to negatively impact investor sentiment, leading to a decrease in the company's share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100