Shares of Fortrea Holdings Inc. (FTRE), a contract research organization, are falling more than 10% Monday morning after reporting lower earnings in the second quarter.
Net income was $28.3 million or $0.32 per share for the second quarter, lower than $66.4 million or $0.75 per share in the same quarter a year ago, impacted by higher expenses.
Revenue for the quarter was $793.0 million, flat with last year’s.
FTRE, currently at $27.33, has traded in the range of $25.68 – $37.30 in the last 52 weeks.
Source: Read Full Article
Lates News:
-
Market Trends At This Hour
-
Formerly Crypto-Skeptic CEO Now Sees Bitcoin as 'Digital Gold'
-
Bitcoin ($BTC) Investors Should Be ‘Accumulating’ Before Rise to $150,000: Bloomberg Analyst
-
Recent Survey Shows Investors Think BTC Is More Likely To Crash To $10,000 First Than Hit $30,000
-
Dan Tapiero Predicts “Explosive Upmove” For Bitcoin Amid Fed Policy Concerns