BUZZ-Fortrea hits record low after forecasting 2025 revenue below estimate
ReutersMar 3, 2025 3:09 PM
Updates
Shares of contract research firm Fortrea Holdings FTRE.O hit their lowest level on record at $9.55
Company forecasts 2025 revenue in the range of $2.45 bln to $2.55 bln, below analysts' average estimate of $2.73 bln, according to data compiled by LSEG
FTRE posts Q4 revenue of $697 mln, missing the estimate of $703.2 mln
Stock down 63% in the past 12 months
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