Fortive forecasts upbeat annual profit on strong industrial automation business

Reuters
02/04
Fortive forecasts upbeat annual profit on strong industrial automation business

Feb 4 (Reuters) - Industrial products maker Fortive FTV.N on Wednesday forecast fiscal 2026 profit above Wall Street estimates, helped by resilient demand at its industrial automation unit.

Shares of the Everett, Washington-based company rose 3% in premarket trading following the results.

A growing number of businesses investing heavily into optimizing their industrial operations have fueled the demand for building technology, benefiting companies such as Fortive.

The company expects annual adjusted earnings in the range of $2.90 to $3 per share, above analysts' average estimate of $2.84 per share, according to data compiled by LSEG.

Revenue at its intelligent operating solutions segment, which makes industrial measurement equipment and software-enabled automation used in various industries, grew about 5.3% in the fourth quarter from a year ago.

Fortive reported adjusted profit of 90 cents per share for the quarter ended December 31, compared with 80 cents a year ago. Analysts on average were expecting 84 cents per share.

Its quarterly sales rose about 4.6% to $1.12 billion from a year earlier.

(Reporting by Anshuman Tripathy in Bengaluru; Editing by Shreya Biswas)

((Anshuman.Tripathy@thomsonreuters.com;))

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10