Fortrea Holdings Q4 Adjusted EPS $0.19 Misses $0.24 Estimate, Sales $775.40M Miss $776.06M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortrea Holdings (NASDAQ:FTRE) reported Q4 adjusted EPS of $0.19, missing the $0.24 estimate, and sales of $775.40M, slightly below the $776.06M estimate. This represents a significant decrease in earnings compared to last year but a slight increase in sales.
March 11, 2024 | 10:36 am
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NEGATIVE IMPACT
Fortrea Holdings reported a significant decrease in earnings and a slight miss in sales estimates for Q4.
The miss in both earnings per share and sales estimates, especially the significant decrease in earnings compared to the previous year, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100