BUL - Why Industrial Conglomerate Fortive's Shares Are Sliding Today | Benzinga
Fortive Corporation (NYSE:FTV) shares are trading lower after the company reported first-quarter FY24 results.
Revenue grew 4% Y/Y to $1.525 billion, marginally missing the consensus of $1.527 billion.
Sales by segments: Intelligent Operating Solutions $666 million (+5% Y/Y), Precision Technologies $559 million (+3% Y/Y), and Advanced Healthcare Solutions $300 million (+4% Y/Y).
The company’s adjusted operating margin is up 110 basis points Y/Y to 25.1%, driven by substantial gross margin expansion.
Adjusted EPS improved 11% Y/Y to 83 cents, beating the consensus ...