Investing.com - Fortive reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.94 on revenue of $1.90B. Analysts polled by Investing.com expected EPS of $0.79 on revenue of $1.88B. .
For the year, Fortive shares are down 16.73%, under-performing the S&P 500 which is up 4.95% year to date.
Fortive follows other major Technology sector earnings this month
On Tuesday, Microsoft reported first quarter EPS of $1.82 on revenue of $37.20B, compared to forecasts of EPS of $1.54 on revenue of $35.76B.
Taiwan Semiconductor earnings beat analyst's expectations on Wednesday, October 14, 2020, with third quarter EPS of $0.92 on revenue of $12.4B. Investing.com analysts expected EPS of $0.84 on revenue of $11.84B
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