Fortive Q3: Revenue Miss, EPS Beat, Revises FY24 Guidance Amid Strategic Split Plans
Portfolio Pulse from Lekha Gupta
Fortive Corporation reported Q3 results with a revenue miss but an EPS beat. The company revised its FY24 guidance and plans a strategic split. Fortive's shares are down 2.41%.
October 30, 2024 | 2:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Fortive reported a revenue miss but an EPS beat for Q3. The company revised its FY24 guidance and plans a strategic split. Shares are down 2.41%.
Fortive's revenue miss and revised guidance indicate potential challenges, leading to a negative market reaction. The strategic split adds uncertainty, contributing to the share price decline.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Investors can gain exposure to Fortive through the Pacer US Cash Cows Growth ETF.
BUL is mentioned as a way to gain exposure to Fortive, but the direct impact on the ETF is limited as it holds a diversified portfolio.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20
NEUTRAL IMPACT
Investors can gain exposure to Fortive through the Vesper US Large Cap Short-Term Reversal Strategy ETF.
UTRN is mentioned as a way to gain exposure to Fortive, but the direct impact on the ETF is limited as it holds a diversified portfolio.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 20