Fortive Corporation Q4 Profit Increases, beats estimates

(RTTNews) - Fortive Corporation (FTV) reported a profit for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $265.2 million, or $0.75 per share. This compares with $227.2 million, or $0.64 per share, in last year's fourth quarter.

Excluding items, Fortive Corporation reported adjusted earnings of $348.7 million or $0.98 per share for the period.

Analysts on average had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.3% to $1.58 billion from $1.53 billion last year.

Fortive Corporation earnings at a glance (GAAP) :

-Earnings (Q4): $265.2 Mln. vs. $227.2 Mln. last year. -EPS (Q4): $0.75 vs. $0.64 last year. -Analyst Estimate: $0.94 -Revenue (Q4): $1.58 Bln vs. $1.53 Bln last year.