SARASOTA,a minor triad bass clef Fla. (AP) _ Roper Technologies Inc. (ROP) on Friday reported fourth-quarter earnings of $257.1 million.
The Sarasota, Florida-based company said it had net income of $2.46 per share. Earnings, adjusted for one-time gains and costs, came to $3.22 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.13 per share.
The industrial equipment maker posted revenue of $1.38 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $1.35 billion.
For the year, the company reported profit of $944.4 million, or $9.05 per share. Revenue was reported as $5.19 billion.
For the current quarter ending in April, Roper Technologies expects its per-share earnings to range from $2.74 to $2.80. Analysts surveyed by Zacks had forecast adjusted earnings per share of $2.78.
The company expects full-year earnings in the range of $12 to $12.40 per share.
Roper Technologies shares have increased 6 percent since the beginning of the year, while the Standard & Poor's 500 index has increased almost 8 percent. The stock has risen roughly 1 percent in the last 12 months.
_____
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
View comments