FX.co ★ Fortive Corporation Q4 Profit Decreases, But Beats Estimates

Fortive Corporation (FTV) has reported its fourth-quarter earnings, showing a year-on-year decline, yet surpassing analysts' predictions. The net income for the company stood at $208.8 million or $0.60 per share, in comparison to $265.2 million or $0.75 per share from the previous year.

On an adjusted basis, excluding specific items, Fortive recorded earnings of $406.3 million or $1.17 per share during this period. This figure exceeded the average projections by analysts, who had estimated earnings of $1.12 per share, generally excluding special items from their calculations.

Revenue for the quarter showed an increase of 2.3%, climbing to $1.620 billion from last year's $1.583 billion.

Summarizing Fortive Corporation's GAAP earnings performance:

- Net Earnings: $208.8 million compared to last year's $265.2 million.

- Earnings Per Share (EPS): $0.60 compared to $0.75 last year.

- Revenue: $1.620 billion versus $1.583 billion in the previous year.

**Future Outlook**:

- Projected EPS for the next quarter: $0.83 - $0.86

- Expected revenue for the next quarter: $1.48 - $1.51 billion.