Fortive Climbs on Lifted Full-Year Outlook

Dow Jones
10/30
 

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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