BUZZ - Fortive's shares rise on optimistic annual profit forecast

October 28 - ** Industrial equipment manufacturer Fortive (FTV.N) saw its stock price rise about 4% in pre-market trading, reaching $64

** Fortive announced better-than-expected third-quarter results and expects adjusted earnings per share for fiscal year 2026 to exceed analysts’ expectations

** Full-year adjusted earnings per share are expected to be between $3.10 and $3.14, the midpoint above Wall Street’s expectation of $3.01

** Quarterly revenue rose 7.8% to $1.11 billion, above analysts’ expectation of $1.07 billion

** Adjusted earnings per share for the third quarter were $0.77, above analysts’ expectation of $0.70 — data compiled by LSEG

** As of the previous trading day’s close, the stock had gained about 12% year-to-date

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