Feb 7 (Reuters) - Industrial products maker Fortive ( FTV )

on Friday forecast annual profit and revenue below Wall

Street estimates, anticipating sluggish demand for its products.

Shares of the Everett, Washington-based company, which makes

industrial measurement equipment and software-enabled automation

used in various industries, fell more than 6% in premarket

trading following the results.

The company expects 2025 adjusted earnings in the range of

$4 to $4.12 per share, below analysts' average estimate of

$4.14, according to data compiled by LSEG.

It projected annual revenue of about $6.23 billion to $6.35

billion, compared to estimates of $6.49 billion.

The company forecast adjusted earnings of 83 cents to 86

cents per share for the first quarter of 2025. Analysts on

average expected 91 cents.

Fortive ( FTV ), which announced last September its plans to spin

off its Precision Technologies segment, said on Friday it was

planning to complete the divestiture as early as the third

quarter of this year.

The company had previously expected to complete the spinoff

by the fourth quarter of 2025.

Fortive ( FTV ) reported adjusted profit of $1.17 per share for the

fourth quarter of 2024, beating estimates of $1.12.

Its quarterly sales rose 2.3% to $1.62 billion from a year

earlier, in line with estimates.