Fortrea Holdings Q3 Adjusted EPS $0.24 Beats $0.15 Estimate, Sales $776.40M Beat $753.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortrea Holdings (NASDAQ:FTRE) exceeded Q3 earnings and sales estimates with an EPS of $0.24, surpassing the $0.15 forecast, and sales of $776.40M, beating the $753.30M estimate. However, this EPS represents a 73.33% decrease from the previous year's $0.90, while sales saw a modest 1.85% year-over-year increase.
November 13, 2023 | 11:34 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Fortrea Holdings reported a strong Q3 with EPS and sales beating estimates, but showed a significant decrease in EPS compared to last year.
The positive earnings and sales beat for Fortrea Holdings in Q3 are likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price. However, the significant year-over-year decrease in EPS might temper some of the investor enthusiasm, but the immediate reaction to earnings beats is typically positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100