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Fortive Lifts Annual Outlook After Third-Quarter Profit Surge

Industrial technology firm Fortive has boosted its full-year earnings guidance following a robust third quarter, where profit climbed to $173 million. Driven by stronger-than-anticipated demand across its core business segments, the company reported adjusted earnings per share of 77 cents, comfortably outpacing the 70-cent consensus estimate from Wall Street analysts.

Fortive Lifts Annual Outlook After Third-Quarter Profit Surge

The company now projects annual adjusted earnings per share between $3.10 and $3.14, a significant upward revision from its prior forecast of $2.95 to $3.05. This momentum is supported by an 8% increase in quarterly revenue, which reached $1.11 billion—exceeding the $1.07 billion target set by market observers.

Growth was particularly pronounced in the intelligent operating solutions segment, which saw a 9.8% revenue lift, while the advanced healthcare solutions division contributed a 3.7% increase. Investors responded positively to the results, driving shares up 3.9% to $64 during premarket trading.

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