SARASOTA, Fla. (AP) — SARASOTA, Fla. (AP) — Roper Technologies Inc. (ROP) on Thursday reported first-quarter profit of $283.1 million.
On a per-share basis, the Sarasota, Florida-based company said it had net income of $2.65. Earnings, adjusted for one-time gains and costs, came to $3.90 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.85 per share.
The industrial equipment maker posted revenue of $1.47 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $1.44 billion.
For the current quarter ending in June, Roper Technologies expects its per-share earnings to range from $3.96 to $4. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.44.
The company expects full-year earnings in the range of $16.10 to $16.30 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a ROP">Zacks stock report on ROP at https://www.zacks.com/ap/ROP