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Fortrea Q3 2023 Earnings Report

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$8.03 -0.33 (-3.95%)
As of 03/28/2025 04:00 PM Eastern

Fortrea EPS Results

Actual EPS
$0.24
Consensus EPS
$0.16
Beat/Miss
Beat by +$0.08
One Year Ago EPS
N/A

Fortrea Revenue Results

Actual Revenue
$776.40 million
Expected Revenue
$748.90 million
Beat/Miss
Beat by +$27.50 million
YoY Revenue Growth
+1.80%

Fortrea Announcement Details

Quarter
Q3 2023
Time
Before Market Opens

Conference Call Resources

Conference Call Audio

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Fortrea Earnings Headlines

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About Fortrea

Fortrea (NASDAQ:FTRE), a contract research organization, primarily engages in the provision of biopharmaceutical product and medical device development services worldwide. The company operates through two segments: Clinical Services and Enabling Services. The Clinical Services segment provides across the clinical pharmacology and clinical development spectrum. The Enabling Services segment provides patient access and clinical trial technology solutions to customers that streamline complex randomization and optimize the trial drug supply process. The company offers delivery models that include full service, functional service provider, and hybrid service structures. It also offers phase I-IV clinical trial management, differentiated technology enabled trial solutions, and post approval services, as well as consulting services. The company serves pharmaceutical, biotechnology, and medical device organizations. Fortrea Holdings Inc. was incorporated in 2023 and is headquartered in Durham, North Carolina.

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