Fortive Q1 2024 Adj EPS $0.83 Beats $0.79 Estimate, Sales $1.52B Miss $1.53B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortive (NYSE:FTV) reported Q1 2024 adjusted EPS of $0.83, surpassing the $0.79 estimate, but its sales of $1.52B fell short of the $1.53B estimate, marking a 4.04% increase from the previous year.
April 24, 2024 | 11:31 am
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Fortive's Q1 2024 earnings beat estimates with an adjusted EPS of $0.83, but sales slightly missed expectations at $1.52B, showing a 4.04% year-over-year growth.
While Fortive's earnings per share exceeded expectations, the slight miss in sales forecasts may temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The company's continued year-over-year growth, however, underscores its underlying strength, balancing out the immediate market reaction.
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