Fortive Q2 2024 Adj EPS $0.93 Beats $0.92 Estimate, Sales $1.552B Miss $1.570B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortive (NYSE: FTV) reported Q2 2024 adjusted EPS of $0.93, beating the analyst estimate of $0.92. However, sales of $1.552 billion missed the $1.570 billion estimate. Sales increased by 1.73% year-over-year.
July 24, 2024 | 11:30 am
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Fortive's Q2 2024 adjusted EPS of $0.93 beat the analyst estimate of $0.92, but sales of $1.552 billion missed the $1.570 billion estimate. Sales increased by 1.73% year-over-year.
While Fortive's EPS beat expectations, the miss on sales figures and the modest year-over-year sales growth may result in a neutral short-term impact on the stock price. Investors may weigh the positive EPS against the sales miss.
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RELEVANCE 100