07:21 AM EDT, 05/13/2024 (MT Newswires) -- Fortrea Holdings ( FTRE ) reported Q1 adjusted loss Monday of $0.04 per diluted share, swinging from earnings of $0.33 a year earlier.

Analysts polled by Capital IQ expected $0.

Revenue for the quarter ended March 31 was $662.1 million, compared with $693.9 million a year earlier.

Analysts surveyed by Capital IQ expected $754.6 million.

The company cut its full-year 2024 revenue guidance to a range of $2.79 billion to $2.86 billion, from its previous outlook of $3.14 billion to $3.21 billion. Analysts surveyed by Capital IQ expect $3.08 billion.

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