Lower Earnings Sends Fortrea Holdings Shares Down

On:

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:
  1. Institutional Investors and Other Large Traders See Bitcoin ($BTC) Reach $32,000 This Year
  2. Bitcoin, ETH, XRP, ADA Get Stuck In Tight Ranges As Investors Attune To The Jackson Hole Symposium
  3. US Senators Reintroduce Bill To Investigate Bitcoin Adoption In El Salvador
  4. Peter Thiel’s Fund Cashed Out $1.8 Billion From Bitcoin Before 2022’s Crash
  5. Bitcoin Mining Powered by Excess Energy: Lugano's Sustainable Initiative