Investing.com - Fortive reported first quarter earnings that matched analysts' expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.69 on revenue of $1.59B. Analysts polled by Investing.com forecast EPS of $0.69 on revenue of $1.62B. That compared to EPS of $0.78 on revenue of $1.74B in the same period a year earlier. The company had reported EPS of $0.91 on revenue of $1.76B in the previous quarter.
Fortive follows other major Technology sector earnings this month
On Wednesday, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.89B.
Facebook earnings missed analysts' expectations on Wednesday, with first quarter EPS of $0.85 on revenue of $15.08B. Investing.com analysts expected EPS of $1.61 on revenue of $14.97B
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