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$FTRE

3 stories mentioning FTREUpdated 17d ago

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Sectors

Sector Update: Health Care Stocks Higher Pre-Bell Wednesday

Healthcare stocks were higher premarket Wednesday, with the State Street Health Care Select Sector SPDR ETF (XLV) gaining by 0.3% and the iShares Biotechnology ETF (IBB) advancing 0.5%.Humana (HUM) stock was down more than 2% premarket after the company cut its 2026 GAAP earnings guidance.GE Healthcare Technologies (GEHC) shares were 9% higher after the company reported higher Q2 adjusted earnings and revenue.Fortrea (FTRE) gained more than 3% after the company reported higher-than-expected Q2 adjusted earnings and revenue.

$FTRE$GEHC$HUM$IBB$XLV
Wire

Truist Adjusts Price Target on Fortrea to $19 From $16, Maintains Buy Rating

Fortrea (FTRE) has an average rating of overweight and mean price target of $16.35, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $14.99, Change: $+0.46, Percent Change: +3.17%

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Wire

Fortrea Shares Rise After Q1 Beat

Fortrea (FTRE) shares were nearly 21% higher in early Tuesday trading after the company reported Q1 results that exceeded analysts' estimates.The company reported Q1 adjusted earnings Tuesday of $0.16 per diluted share, up from $0.02 a year earlier.Analysts polled by FactSet expected $0.05.Revenue for the quarter ended March 31 was $636.5 million, down from $651.3 million a year earlier.Analysts surveyed by FactSet expected $627.4 million.The company reiterated its full-year 2026 revenue outlook of $2.55 billion to $2.65 billion.Analysts polled by FactSet expect $2.59 billion.Price: $14.80, Change: $+2.55, Percent Change: +20.78%

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