Fortive on Wednesday raised its annual profit forecast, after beating third-quarter sales and profit estimates on robust demand for its industrial automation software technology, sending its shares up about 10%.
The industrial equipment maker’s intelligent operating solutions segment, which also saw strength in demand for professional instrumentation and gas detection tools, posted a 2.6% rise in quarterly revenue to $699 million.
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Source: Reuters | Published: 2025-10-29T13:52:35Z
Credit: Reuters
