Fortrea Holdings Full Year 2023 Earnings: EPS Misses Expectations
Fortrea Holdings (NASDAQ:FTRE) Full Year 2023 Results
Key Financial Results
Revenue: US$3.11b (flat on FY 2022).
Net loss: US$3.40m (down by 102% from US$192.9m profit in FY 2022).
US$0.038 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fortrea Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Life Sciences industry in the US.
Performance of the American Life Sciences industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We should say that we've discovered 1 warning sign for Fortrea Holdings that you should be aware of before investing here.
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