Investing.com - Fortive reported third quarter earnings that missed analyst's expectations on Thursday and revenue that was inline with forecasts.
The firm reported earnings per share of $0.86 on revenue of $1.84B. Analysts polled by Investing.com forecast EPS of $0.87 on revenue of $1.84B. That compared to EPS of $0.77 on revenue of $1.69B in the same period a year earlier. The company had reported EPS of $0.91 on revenue of $1.86B in the previous quarter.
Fortive shares slightly moved 0.00% to trade at $76.33 in after-hours trade following the report.
For the year, Fortive shares are up 4.58%, outperforming the S&P 500 which is up 0.81% year to date.
Fortive follows other major Technology sector earnings this month
On Wednesday, Microsoft (NASDAQ:MSFT) reported first quarter EPS of $1.14 on revenue of $29.08B, compared to forecasts of EPS of $0.96 on revenue of $27.9B.
Alphabet C (NASDAQ:GOOG) earnings beat analyst's expectations on Thursday, with third quarter EPS of $13.06 on revenue of $33.74B. Investing.com analysts expected EPS of $10.45 on revenue of $27.3B
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