Investing.com - Fortive reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.7 on revenue of $1.38B. Analysts polled by Investing.com forecast EPS of $0.6785 on revenue of $1.35B. .
Fortive shares lost 1.65% to trade at $56.78 in intra-day trade following the report.
For the year, Fortive shares are down 25.57%, under-performing the S&P 500 which is down 12.01% year to date.
Fortive follows other major Industrials sector earnings this month
On Tuesday, United Parcel Service reported first quarter EPS of $3.05 on revenue of $24.38B, compared to forecasts of EPS of $2.89 on revenue of $23.82B.
Union Pacific earnings beat analyst's expectations on April 21, with first quarter EPS of $2.57 on revenue of $5.86B. Investing.com analysts expected EPS of $2.56 on revenue of $5.71B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar