Fortive Q3 2024 Adj. EPS $0.97 Beats $0.93 Estimate, Sales $1.540B Miss $1.553B Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortive reported Q3 2024 earnings per share of $0.97, surpassing the expected $0.93, but sales of $1.540 billion fell short of the $1.553 billion estimate. Sales increased by 3.01% compared to the same period last year.
October 30, 2024 | 11:31 am
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NEUTRAL IMPACT
Fortive's Q3 2024 earnings per share exceeded expectations, but sales slightly missed estimates. Despite the sales miss, there was a year-over-year increase in sales.
The earnings per share beat suggests positive operational performance, which is favorable for the stock. However, the sales miss could temper investor enthusiasm. The year-over-year sales growth is a positive indicator, but the mixed results may lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100