Fortive Raises EPS Guidance After Q3 Beat

Fortive raised its full-year adjusted EPS guidance to $2.63–$2.67 (from $2.50–$2.60) after reporting better-than-expected Q3 results, CEO Olumide Soroye said. The company reported Q3 revenue of about $1.03 billion (up ~2.3% year‑over‑year) and adjusted EPS of $0.68, while GAAP net income was $117 million ($0.35 per share). Its Intelligent Operating Solutions/software segment grew roughly 2.6% to $699 million, driven by demand for Accruent, Gordian and ServiceChannel and strength in professional instrumentation and gas detection. Shares jumped sharply on the outlook (rising as much as ~8% intraday and ~11% premarket) though they remain down year‑to‑date. Analysts noted mixed underlying fundamentals as operating margin and free‑cash‑flow margin softened year‑over‑year and sell‑side forecasts expect only modest revenue growth ahead.