Fortive Corp's shares (FTV) were rising in early trading on Monday, even though the company announced lower-than-expected revenues for the fourth quarter.
FTV has announced impressive results for the fourth quarter of fiscal 2024, showing growth in both revenue and earnings compared to the previous year.
Fortive (FTV) reported quarterly earnings of $1.17 per share, which is higher than the Zacks Consensus Estimate of $1.12 per share. This is an increase compared to earnings of $0.98 per share from the same period last year.
On Friday, Fortive, a company that makes industrial products, predicted that its yearly profit and revenue would be lower than what Wall Street expected, due to weak demand for its products.
Everett, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) has released its financial results for the fourth quarter and the entire year of 2024. In the fourth quarter, the company reported net earnings of $209 million and adjusted net earnings of $406 million. Additionally, diluted net earnings per share were $0.60, while adjusted diluted net earnings per share reached $1.17, with revenues rising 2% from the previous year to $1.62 billion.
Fortive Corporation (FTV) is set to announce its financial results for the fourth quarter on Friday, February 7, 2025, before the market opens.
In addition to looking at analysts' predictions for Fortive's (FTV) overall revenue and profit, it's important to assess forecasts for some of its main metrics. This will help us understand how the company may have performed in the quarter that ended in December 2024.
Fortive (FTV) lacks the necessary elements that could lead to a strong earnings report in its next announcement. Be ready for the important expectations.
Everett, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) has announced that it will host a webcast for its fourth quarter 2024 earnings conference call on Friday, February 7, 2025, starting at 12:00 p.m. ET and lasting about one hour. The call, along with a slide presentation, will be available on the "Investors" section of Fortive's website, www.fortive.com, under "Events/Presentations." A replay of the webcast will be accessible at the same site shortly after the event.
Everett, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) has received notice of an unsolicited “mini-tender offer” from TRC Capital Investment Corporation (“TRC”). TRC aims to buy up to 1,500,000 shares, which is about 0.44% of Fortive's total common stock, for $75.00 each. This offer is a 4.93% discount compared to Fortive's closing stock price on December 6, 2024, the last trading day.