Fortive raises annual profit forecast on strong software demand

Core Viewpoint - Fortive raised its annual profit forecast after exceeding third-quarter sales and profit estimates, driven by strong demand for its industrial automation software technology, resulting in a 10% increase in its shares [1] Group 1 - Fortive's third-quarter performance surpassed sales and profit expectations [1] - The company experienced robust demand for its industrial automation software technology [1] - Following the positive earnings report, Fortive's shares rose approximately 10% [1]