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Fortrea's stock fell sharply as earnings and revenue missed forecasts, with the CEO also selling shares.
Fortrea's stock plunged after reporting earnings below analyst expectations, with a loss of $0.68 per share compared to $0.62 the previous year.
The company's revenue also dropped to $697 million.
Fortrea's forecast for fiscal 2025 revenue of $2.45 billion to $2.55 billion is lower than Wall Street's expectations of $2.74 billion.
CEO Thomas Pike recently sold shares, reducing his ownership.
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Las acciones de Fortrea cayeron bruscamente a medida que las ganancias y los ingresos fallaban en las previsiones, con el CEO también vendiendo acciones.