Fortive jumps after lifting annual profit forecast

Shares of industrial equipment maker Fortive Corp FTV.N rise 11% to about $55 premarket

Fortive forecasts 2025 adj. profit at $2.63 to $2.67 per share vs. prior forecast of $2.50 to $2.60 per share

Co beat quarterly profit and revenue, aided by rising adoption of its automation software across industries

FTV posts Q3 adj. profit of 68 cents vs Wall Street estimates of 57 cents, according to data compiled by LSEG

It reports quarterly revenue of $1.03 bln as compared to estimate of $1.01 bln

As of last close, shares down 13% YTD