Roper Technologies: 3Q Earnings Snapshot
SARASOTA, Fla. (AP) _ Roper Technologies Inc. (ROP) on Friday reported third-quarter net income of $247.6 million.
On a per-share basis, the Sarasota, Florida-based company said it had profit of $2.37. Earnings, adjusted for one-time gains and costs, were $3.09 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.94 per share.
The industrial equipment maker posted revenue of $1.32 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.31 billion.
For the current quarter ending in December, Roper Technologies expects its per-share earnings to range from $3.10 to $3.14. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.10.
The company expects full-year earnings in the range of $11.69 to $11.73 per share.
Roper Technologies shares have risen slightly more than 2 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased 1 percent. The stock has climbed 4 percent in the last 12 months.