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EVERETT, Wash.--(BUSINESS WIRE)--Fortive Corporation (“Fortive”) (NYSE: FTV) today announced its intention to pursue a tax-free spin-off of its Precision Technologies segment (“NewCo”). The planned spin-off will create two independent publicly traded companies, each with focused business models and tailored investment and capital allocation strategies. James A. Lico, Fortive's President and Chief Executive Officer, stated, “Over the last eight years, we've created a more durable, higher-growth.
Fortive (FTV) reported earnings 30 days ago. What's next for the stock?
Accruent expands its executive leadership team, focusing on customer success and product innovation to further enhance the built environment Accruent expands its executive leadership team, focusing on customer success and product innovation to further enhance the built environment
Fortive's (FTV) second-quarter revenues gain from momentum in the Fortive Business System. However, 2024 revenue guidance has been lowered due to forex headwinds and a revised outlook for Precision Technologies.
While the top- and bottom-line numbers for Fortive (FTV) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Fortive (FTV) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.92 per share. This compares to earnings of $0.85 per share a year ago.
Fortive's (FTV) Q2 performance is likely to have benefited from higher customer demand and continued strength in software and other recurring revenue businesses.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Fortive (FTV), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Fortive (FTV) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fortive (FTV) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.