By Katherine Hamilton
Shares of Fortive rose after the technology provider for the healthcare and industrial industries boosted its adjusted earnings outlook.
The stock gained 8%, to $53.01, midday Wednesday. Shares are still down 6% this year.
The Everett, Wash., company now expects adjusted earnings per share to be $2.63 to $2.67, up from prior guidance of $2.50 to $2.60.
The higher outlook was based on better-than-expected third-quarter results, Chief Executive Olumide Soroye said.
Quarterly sales were $1.03 billion, ahead of the $1.01 billion Wall Street was forecasting, according to FactSet. Adjusted earnings per share were 68 cents, beating the 57 cent estimate from analysts.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
October 29, 2025 12:10 ET (16:10 GMT)
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