Investing.com - Fortive reported third quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.66 on revenue of $1.3B. Analysts polled by Investing.com anticipated EPS of $0.6507 on revenue of $1.32B. .
Fortive shares lost 1.28% to trade at $74.00 in after-hours trade following the report.
For the year, Fortive shares are up 50%, outperforming the S&P 500 which is up 22.37% year to date.
Fortive follows other major Technology sector earnings this month
On Thursday, Apple reported fourth quarter EPS of $1.24 on revenue of $83.36B, compared to forecasts of EPS of $1.23 on revenue of $84.85B.
Alphabet C earnings beat analyst's expectations on Tuesday, with third quarter EPS of $27.99 on revenue of $65.12B. Investing.com analysts expected EPS of $23.84 on revenue of $63.47B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar