Fortive Raises 2026 Earnings Outlook After Q3 Profit and Sales Beat

Fortive raised its 2026 adjusted earnings target after third-quarter profit and sales exceeded estimates, with shares advancing as much as 8.7% Wednesday to a 16-month peak. Adjusted earnings came in at 77 cents a share, compared with a 70-cent estimate and 68 cents a year earlier. Revenue reached $1.11 billion, up 7.8%, against a $1.07 billion forecast. Core revenue, which removes the effects of acquired or divested operations and currency changes, advanced 7.2%. The new full-year adjusted earnings-per-share range is $3.10 to $3.14.

Source: TokenPost