Fortrea Holdings Reports Q3 Earnings Beat with Strong FY2026 Outlook
Fortrea Holdings (FTRE) reported third-quarter financial results that exceeded market expectations, posting a Non-GAAP EPS of $0.28, which beat consensus by $0.06. Despite a slight year-over-year revenue decline of 1.4%, the company's quarterly revenue reached $691.5 million, surpassing estimates by nearly $20 million. Looking ahead, Fortrea provided an optimistic full-year 2026 outlook, projecting revenue between $2.665 billion and $2.690 billion, which sits above the consensus estimate of $2.66 billion. The company also guided adjusted EBITDA for the year to be in the range of $210 million to $218 million, signaling a potential turnaround in operational efficiency.
Tickers: $FTRE