Fortive Corporation reports results for the quarter ended September 30 - Earnings Summary

• Fortive Corporation FTV.N reported quarterly adjusted earnings of 77 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 68 cents. The mean expectation of fourteen analysts for the quarter was for earnings of 70 cents per share. Wall Street expected results to range from 68 cents to 73 cents per share.

• Revenue rose 7.8% to $1.11 billion from a year ago; analysts expected $1.07 billion.

• Fortive Corporation's reported EPS for the quarter was 57 cents​.

• The company reported quarterly net income of $172.5 million.

• Fortive Corporation shares had risen by 12.4% this quarter and gained 11.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 12 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for Fortive Corporation is $62.50, about 1.4% above its last closing price of $61.62

This summary was machine generated from LSEG data October 28 at 03:04 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)