Jumps Fortive to 16-mth High as Earnings Beat Estimates, Outlook Raised

Fortive (FTV) shares surged as much as 8.7% Wednesday to a 16-month high after the industrial technology company reported third-quarter earnings and revenue that exceeded Wall Street estimates and raised its full-year profit forecast. The Everett, Washington-based company

Fortive (FTV) shares surged as much as 8.7% Wednesday to a 16-month high after the industrial technology company reported third-quarter earnings and revenue that exceeded Wall Street estimates and raised its full-year profit forecast.

The Everett, Washington-based company reported adjusted earnings

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