Shares of Fortive (NYSE:FTV) moved lower in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share fell 14.86% year over year to $0.63, which beat the estimate of $0.60.
Revenue of $1,259,000,000 decreased by 26.55% from the same period last year, which beat the estimate of $1,220,000,000.
Guidance
The upcoming fiscal year’s EPS expected to be between $2.50 and $2.60.
Revenue guidance hasn’t been issued by the company for now.
Details Of The Call
Date: Apr 29, 2021
Time: 05:30 PM
Price Action
Company’s 52-week high was at $82.12
Company’s 52-week low was at $52.46
Price action over last quarter: Up 8.56%
Company Profile
Fortive is a diversified industrial technology firm with a broad portfolio of mission-critical products and services that include field solutions, product realization, health, and sensing technologies. The company serves a wide range of end markets, including manufacturing, utilities, medical, and electronics. Fortive generated roughly $4.6 billion in revenue and $976 million in adjusted operating income in 2020.
