Roper Industries Earnings: Here’s What You Need to Know
Roper Industries Inc. (NYSE:ROP) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Roper Industries Inc. Earnings Cheat Sheet
Results: Net income increased 17.93% to $143.5 million ($1.48 per diluted share) in the quarter versus a net gain of $121.68 million in the year-earlier quarter.
Revenue: Rose 10.39% to $816 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Roper Industries Inc. reported adjusted net income of $1.48 per share. By that measure, the company beat the mean analyst estimate of $1.46. It missed the average revenue estimate of $819.19 million.