Fortive (FTV) Releases Earnings Results, Beats Expectations By $0.08 EPS

Fortive (FTV) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.69 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $0.61. The company posted revenue of $1555.10 million in the period, compared to analysts expectations of $1538.30 million. The company’s revenue was down -.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Fortive. Fortive was Initiated by Stifel to “Hold” on Jul 14, 2016. UBS Initiated Fortive on Jul 13, 2016 to “Buy”, Price Target of the shares are set at $57.JP Morgan Initiated Fortive on Jul 12, 2016 to “Neutral”, Price Target of the shares are set at $48.


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