Roper Technologies: 2Q Earnings Snapshot
SARASOTA, Fla. (AP) _ Roper Technologies Inc. (ROP) on Thursday reported second-quarter earnings of $228.4 million.
On a per-share basis, the Sarasota, Florida-based company said it had profit of $2.19. Earnings, adjusted for amortization costs and non-recurring costs, were $2.89 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.70 per share.
The industrial equipment maker posted revenue of $1.29 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.23 billion.
For the current quarter ending in October, Roper Technologies expects its per-share earnings to range from $2.89 to $2.95. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.89.
The company expects full-year earnings in the range of $11.40 to $11.56 per share.
Roper Technologies shares have increased 11 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 6.5 percent. The stock has climbed 24 percent in the last 12 months.