Fortive Corporation (FTV) released a profit for second quarter that Decreased from last year but beat the Street estimates.
The company's earnings totaled $166.6 million, or $0.49 per share. This compares with $195.1 million, or $0.55 per share, last year.
Excluding items, Fortive Corporation reported adjusted earnings of $306.4 million or $0.90 per share for the period.
Analysts on average had expected the company to earn $0.59 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.2% to $1.518 billion from $1.552 billion last year.
Fortive Corporation earnings at a glance (GAAP) :
-Earnings: $166.6 Mln. vs. $195.1 Mln. last year.-EPS: $0.49 vs. $0.55 last year.-Revenue: $1.518 Bln vs. $1.552 Bln last year.
Looking ahead, for the full year, the company has initiated earnings outlook.
For fiscal 2025, Fortive anticipates adjusted earnings per share of $2.50 to $2.60. This outlook reflects Fortive, on a continuing operations basis.
FTV was up by 3.15% at $52.49 in the pre-market trade on the New York Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.