Fortive Reports First Quarter 2020 Results
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Fortive (FTV) Tops Q1 EPS by 3c; Withdraws Guidance
April 30, 2020 4:16 PM EDTFortive (NYSE: FTV) reported Q1 EPS of $0.74, $0.03 better than the analyst estimate of $0.71. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.78 billion.
James A. Lico, President and Chief Executive Officer, stated, In the first quarter, strong core operating margin expansion enabled us to deliver adjusted earnings per share at the high-end of our guidance and solid free cash flow, all despite a more challenging macroeconomic backdrop. These results are a... More
