Fortive falls after dour 2025 profit forecast on tariff woes

Fortive

01/05/2025 14:23

** Industrial products maker Fortive's FTV.N shares fall 5% to $66 premarket

** Company forecast 2025 profit below Wall Street estimates, citing potential impact from tariffs

** Expects full-year adjusted profit to be $3.80 to $4/share, compared to analysts' estimate of $4.02/share, according to data compiled by LSEG

     ** Reports Q1 adjusted profit of 85 cents/share, in line with analysts' average estimate

** Fortive's quarterly sales fall 3.3% to $1.47 billion from a year earlier

** Analysts on average estimated Q1 sales of $1.49 billion, as per LSEG data

** Twelve of 21 brokerages rate the stock "buy" or higher and nine "hold"; their median PT is $83.50

** As of last close, stock had fallen 7% YTD

 (Reporting by Apratim Sarkar)

 ((Apratim.Sarkar@thomsonreuters.com))