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Roper Technologies (ROP) Tops Q1 Earnings, Revenues Lag

Headquartered in Sarasota, Florida, Roper Technologies, Inc. ROP designs, manufactures and distributes medical and scientific imaging products and software, radio frequency (RF) products, services and application software, industrial technology products and energy systems and controls products and solutions.

Roper Technologies caters to selected segments of a broad range of markets, which include oil & gas, scientific research, medical diagnostics, semiconductor, refrigeration, automotive, water & wastewater, power generation, agricultural irrigation and other niche industries.

However, the company is significantly exposed to cyclical slowdown in markets like Energy and Industrial. Sluggish macroeconomic growth is a concern for the company, as it lowers infrastructure spending, which negatively impacts Roper’s overall growth.

Zacks Rank:Currently, Roper Technologies has a Zacks Rank#3 (Hold) but that could change following its first quarter 2016 earnings report which has just released.

We have highlighted some of the key details from the just-released announcement below:

Earnings:Roper reported adjusted earnings per share of $1.50 surpassing the Zacks Consensus Estimate of $1.46. Earnings decreased 3.2% year over year.

Revenue:Revenues of $902.4 million were up 4.3% year over year but fell short of the Zacks Consensus Estimate of $908 million.

Key Stats:Net orders increased 9% to $927 million in the quarter

Check back later for our full write up on this ROP earnings report later!

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ROPER INDS INC (ROP): Free Stock Analysis Report
 
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