💨 Abstract

Fortive, an industrial products maker, forecasts lower-than-expected annual profit and revenue for 2025 due to anticipated sluggish demand for its products. Shares dropped more than 6% in premarket trading. The company expects adjusted earnings of $4 to $4.12 per share and revenue of $6.23 billion to $6.35 billion, below Wall Street estimates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖