SARASOTA, Fla. (AP) — SARASOTA, Fla. (AP) — Roper Technologies Inc. (ROP) on Friday reported first-quarter earnings of $382 million.
The Sarasota, Florida-based company said it had net income of $3.54 per share. Earnings, adjusted for one-time gains and costs, were $4.41 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.34 per share.
The industrial equipment maker posted revenue of $1.68 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.65 billion.
For the current quarter ending in June, Roper Technologies expects its per-share earnings to range from $4.42 to $4.46.
The company expects full-year earnings in the range of $18.05 to $18.25 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROP at https://www.zacks.com/ap/ROP
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
