Fortive (NYSE:FTV) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.74 on revenue of $1.71B. Analysts polled by expected EPS of $0.71 on revenue of $1.79B. That compared to EPS of $0.69 on revenue of $1.59B in the same period a year earlier. The company had reported EPS of $1.03 on revenue of $2B in the previous quarter.
Fortive follows other major Technology sector earnings this month
On Wednesday, Microsoft reported third quarter EPS of $1.4 on revenue of $35.02B, compared to forecasts of EPS of $1.29 on revenue of $33.99B.
Alphabet C earnings missed analysts' expectations on Tuesday, with first quarter EPS of $9.87 on revenue of $41.16B. analysts expected EPS of $10.26 on revenue of $40.99B
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