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
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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
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