WASHINGTON (dpa-AFX) - Fortive Corporation (FTV), an industrial technology company, on Thursday revised down its annual guidance to reflect the delayed recovery in Precision Technologies, and the net impact of global tariffs.
For the full year, the company now expects net earnings of $2.23 to $2.43 per share, less than the earlier expectation of $2.38 to $2.50 per share.
Excluding items, annual earnings are now projected to be in the range of $3.80 to $4 per share against the previous outlook of $4 to $4.12 per share. On average, analysts polled expect the company to report earnings of $4.01 per share for the year. Analysts' estimates typically exclude special items.
The company said: 'The foregoing guidance for the full year 2025 does not give effect to the pending separation of the Precision Technologies segment and we would expect to update guidance for both companies following completion of the spin, which is expected to be completed by the end of the second quarter.'
For the second quarter, Fortive anticipates net income per share of $0.44 to $0.49, and adjusted profit per share of $0.85 to $0.90, below analysts' forecast of $0.98 per share.
FTV was down by 5.22 percent at $66.05 in the pre-market trade on the New York Stock Exchange.
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