Investing.com - Fortive reported second quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.9 on revenue of $1.86B. Analysts polled by Investing.com anticipated EPS of $0.89 on revenue of $1.93B. That compared to EPS of $0.91 on revenue of $1.86B in the same period a year earlier. The company had reported EPS of $0.69 on revenue of $1.59B in the previous quarter.
For the year, Fortive shares are up 20.9%, broadly in line with the S&P 500 which is up 21.26% year to date.
Fortive follows other major Technology sector earnings this month
On Thursday, July 18, 2019, Microsoft reported fourth quarter EPS of $1.37 on revenue of $33.72B, compared to forecasts of EPS of $1.21 on revenue of $32.77B.
Alphabet A earnings beat analyst's expectations on Thursday, with second quarter EPS of $14.21 on revenue of $38.94. Investing.com analysts expected EPS of $11.1 on revenue of $38.16B
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