Fortrea tumbles on weak 2025 revenue forecast
03/03/2025 13:43
** Contract research firm Fortrea Holdings' FTRE.O shares fall 14.9% to $11.79 premarket ** Co forecasts 2025 revenue in the range of $2.45 bln to $2.55 bln, lower than analysts' average estimate of $2.73 bln as per data compiled by LSEG ** FTRE posts Q4 revenue of $697 mln, missing analysts' average estimate of $703.2 mln ** Stock has fallen 63% in the past 12 months (Reporting by Padmanabhan Ananthan) ((Padmanabhan.Ananthan@thomsonreuters.com;))
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