Roper Technologies: Q1 Earnings Snapshot
SARASOTA, Fla. (AP) _ Roper Technologies Inc. (ROP) on Tuesday reported first-quarter profit of $2.02 billion.
On a per-share basis, the Sarasota, Florida-based company said it had net income of $18.94. Earnings, adjusted for one-time gains and costs, were $3.77 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.69 per share.
The industrial equipment maker posted revenue of $1.53 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.48 billion.
For the current quarter ending in July, Roper Technologies expects its per-share earnings to range from $3.80 to $3.84. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.79.
The company expects full-year earnings in the range of $15.50 to $15.75 per share.