Investing.com - Fortive (NYSE:FTV) reported fourth quarter earnings that beat analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.79 on revenue of $1.37B. Analysts polled by Investing.com forecast EPS of $0.7788 on revenue of $1.44B. .
Fortive shares lost 2.26% to trade at $70.00 in pre-market trade following the report.
Fortive follows other major Industrials sector earnings this month
On Tuesday, United Parcel Service reported fourth quarter EPS of $3.59 on revenue of $27.85B, compared to forecasts of EPS of $3.09 on revenue of $27.06B.
Union Pacific earnings beat analysts' expectations on January 20, with fourth quarter EPS of $2.66 on revenue of $5.73B. Investing.com analysts expected EPS of $2.61 on revenue of $5.6B
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