Fortive Sees FY24 Revenue $6.24B-$6.26B Vs $6.284B Estimate; Sees EPS $3.84-$3.87 Vs $3.81 Estimate
Portfolio Pulse from Benzinga Newsdesk
Fortive Corporation has provided its financial guidance for fiscal year 2024, projecting revenues between $6.24 billion and $6.26 billion, slightly below the analyst estimate of $6.284 billion. The company also anticipates earnings per share (EPS) to be in the range of $3.84 to $3.87, which is above the analyst estimate of $3.81.
October 30, 2024 | 11:32 am
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Fortive's FY24 revenue guidance is slightly below estimates, but its EPS guidance exceeds expectations, indicating potential mixed market reactions.
Fortive's revenue guidance for FY24 is slightly below analyst expectations, which could be seen negatively by investors. However, the EPS guidance is above expectations, which is a positive sign. The mixed signals may lead to a neutral short-term impact on the stock price as investors weigh the lower revenue against the higher EPS.
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