Shares of Fortrea Holdings Inc. (FTRE), a contract research organization, are falling more than 10% Monday morning after reporting lower earnings in the second quarter.
Net income was $28.3 million or $0.32 per share for the second quarter, lower than $66.4 million or $0.75 per share in the same quarter a year ago, impacted by higher expenses.
Revenue for the quarter was $793.0 million, flat with last year's.
FTRE, currently at $27.33, has traded in the range of $25.68 - $37.30 in the last 52 weeks.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.