EVERETT, Wash. (AP) _ Fortive Corp. (FTV) on Thursday reported second-quarter profit of $173 million.

On a per-share basis, the Everett, Washington-based company said it had net income of 48 cents. Earnings, adjusted for one-time gains and costs, were 78 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The industrial conglomerate posted revenue of $1.46 billion in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $1.41 billion.

For the current quarter ending in October, Fortive expects its per-share earnings to range from 74 cents to 77 cents.

The company said it expects revenue in the range of $1.43 billion to $1.46 billion for the fiscal third quarter.

Fortive expects full-year earnings in the range of $3.07 to $3.13 per share, with revenue ranging from $5.78 billion to $5.83 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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