Fortive Q4 2023 Adj EPS $0.98 Beats $0.94 Estimate, Sales $1.58B Beat $1.56B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortive (NYSE:FTV) reported Q4 2023 adjusted earnings per share (EPS) of $0.98, surpassing the consensus estimate of $0.94 by 4.26%. Quarterly sales reached $1.58 billion, exceeding the $1.56 billion estimate by 1.23% and marking a 3.53% increase from $1.53 billion in the same period last year.
January 31, 2024 | 12:33 pm
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POSITIVE IMPACT
Fortive's Q4 2023 earnings and sales exceeded analyst estimates, with EPS beating by 4.26% and sales surpassing forecasts by 1.23%, indicating a positive performance trend.
Beating both EPS and sales estimates typically generates positive investor sentiment, which can lead to a short-term increase in stock price. The reported growth over the previous year's sales further strengthens the positive outlook for Fortive's stock.
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RELEVANCE 100