Fortive: Q1 Earnings Snapshot

Fortive: Q1 Earnings Snapshot

EVERETT, Wash. (AP) _ Fortive Corp. (FTV) on Thursday reported first-quarter profit of $165.1 million.On a per-share basis, the Everett, Washington-based company said it had profit of 45 cents. Earnings, adjusted for one-time gains and costs, came to 70 cents per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share. The industrial conglomerate posted revenue of $1.38 billion in the period, which also topped Street forecasts.