Fortive Sees F24 Adj. EPS $3.80-$3.86 vs $3.81 Est., Revenue $6.25B-$6.30B vs $6.37B Est.
Portfolio Pulse from Benzinga Newsdesk
Fortive Corporation has provided its financial guidance for fiscal year 2024, projecting adjusted EPS between $3.80 and $3.86, slightly below the consensus estimate of $3.81. The company also expects revenue to be in the range of $6.25 billion to $6.30 billion, which is lower than the estimated $6.37 billion.
July 24, 2024 | 11:32 am
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Fortive Corporation's FY24 guidance shows adjusted EPS slightly below estimates and revenue projections lower than expected, which may lead to a negative short-term impact on the stock price.
The guidance provided by Fortive Corporation indicates that both adjusted EPS and revenue are expected to be below market estimates. This discrepancy is likely to result in a negative reaction from investors, leading to a short-term decline in the stock price.
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