Fortrea hits record low after forecasting 2025 revenue below estimate
03/03/2025 15:09
Updates ** Shares of contract research firm Fortrea Holdings FTRE.O hit their lowest level on record at $9.55 ** Company forecasts 2025 revenue in the range of $2.45 bln to $2.55 bln, below analysts' average estimate of $2.73 bln, according to data compiled by LSEG ** FTRE posts Q4 revenue of $697 mln, missing the estimate of $703.2 mln ** Stock down 63% in the past 12 months (Reporting by Padmanabhan Ananthan) ((Padmanabhan.Ananthan@thomsonreuters.com;))
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