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21.07.2023 13:26:27
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Roper Technologies Q2 Profit Beats Estimates, Organic Revenue Growth At 9%; Raises Earnings Outlook
(RTTNews) - Roper Technologies, Inc. (ROP) reported second-quarter profit from continuing operations of $361 million or $3.36 per share compared to $225 million or $2.11 per share, prior year. Adjusted EPS was up 20% to $4.12. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $3.99, for the quarter. Analysts' estimates typically exclude special items.
Revenue increased to $1.53 billion from $1.31 billion, a year ago. Analysts on average had estimated $1.5 billion in revenue. Organic revenue growth was 9%, for the quarter Roper now expects 2023 adjusted EPS of $16.36 - $16.50, compared to previous guidance of $16.10 - $16.30. Analysts expect the company to report profit per share of $16.30.
For the third quarter, the company expects adjusted EPS of $4.16 - $4.20.
Shares of Roper Technologies are up 1% in pre-market trade on Friday.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
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| Roper Technolgies Inc. | 530,60 | -0,04% |
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