Fortrea Holdings is trading at $23.29, down 10.01% in pre-market after a $558 million reported backlog reduction. - Third-quarter revenue was $691.5 million and adjusted EPS was $0.28, beating estimates; Fortrea raised its 2026 guidance midpoints. - The adjustment followed a review of contracts, including inactive trials. Fortrea said it does not affect current guidance or near-term revenue estimates.