EVERETT, Wash. (AP) _ Fortive Corp. (FTV) on Thursday reported first-quarter profit of $165.1 million.

On a per-share basis, the Everett, Washington-based company said it had profit of 45 cents. Earnings, adjusted for one-time gains and costs, came to 70 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The industrial conglomerate posted revenue of $1.38 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.35 billion.

For the current quarter ending in July, Fortive expects its per-share earnings to range from 70 cents to 73 cents.

The company said it expects revenue in the range of $1.39 billion to $1.43 billion for the fiscal second quarter.

Fortive expects full-year earnings in the range of $3.04 to $3.13 per share, with revenue ranging from $5.77 billion to $5.88 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FTV at https://www.zacks.com/ap/FTV

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