Investing.com - Fortive Corp (NYSE:FTV) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.91 on revenue of $1.76B. Analysts polled by Investing.com anticipated EPS of $0.85 on revenue of $1.78B. That compared to EPS of $0.82 on revenue of $1.81B in the same period a year earlier. The company had reported EPS of $0.74 on revenue of $1.6B in the previous quarter.
For the year, Fortive shares are up 9.99%, outperforming the S&P 500 which is up 9.25% year to date.
Fortive follows other major Technology sector earnings this month
On Thursday, January 24, 2019, Intel reported fourth quarter EPS of $1.28 on revenue of $18.66B, compared to forecasts of EPS of $1.22 on revenue of $19.01B.
SAP ADR earnings missed analyst's expectations on Tuesday, January 29, 2019, with fourth quarter EPS of $1.72 on revenue of $8.49B. Investing.com analysts expected EPS of $1.78 on revenue of $8.24B
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