FX.co ★ Fortive Corporation Q1 Profit Increases, beats estimates

Fortive Corporation has reported a profit increase for its first quarter from the previous year, surpassing Wall Street's expectations. The company's earnings amounted to $207.4 million, or 58 cents per share, a rise from last year's first quarter earnings of $173.6 million, or 49 cents per share.

When excluding some items, Fortive Corporation announced adjusted earnings of $295.3 million or 83 cents per share for this period, surpassing the average analysts' projection of 79 cents per share. These projections, often provided by Thomson Reuters, usually omit certain special items.

The company's revenue within the quarter grew by 4.1% to $1.52 billion, up from $1.46 billion in the previous year.

At a glance, Fortive's earnings following GAAP (Generally Accepted Accounting Principles) are as follows:

- Earnings for Q1: $207.4 million as opposed to $173.6 million last year.

- Earnings Per Share (EPS) for Q1: 58 cents, up from 49 cents last year.

- Revenue for Q1: $1.52 billion, up from $1.46 billion last year.

In terms of guidance, the corporation projects an EPS for the next quarter between 90 to 93 cents, with revenue guidance at $1.6 billion. The full year EPS is projected at $3.77 - $3.86, with a full year revenue guidance of between $6.35 billion and $6.43 billion.