Fortive reported third quarter earnings that matched analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.87 on revenue of $1.86B. Analysts polled by forecast EPS of $0.87 on revenue of $1.89B. That compared to EPS of $0.74 on revenue of $1.6B in the same period a year earlier. The company had reported EPS of $0.9 on revenue of $1.86B in the previous quarter.
Fortive follows other major Technology sector earnings this month
On Wednesday, Microsoft reported first quarter EPS of $1.38 on revenue of $33.06B, compared to forecasts of EPS of $1.24 on revenue of $32.14B.
Taiwan Semiconductor earnings beat analysts' expectations on October 17, with third quarter EPS of $0.64 on revenue of $9.58B. analysts expected EPS of $0.61 on revenue of $9.25B
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