Roper Technologies Reports Mixed Q2 Results

Roper Technologies reported Q2 adjusted diluted earnings of $2.24 per share, up from $1.87 for the same period last year, and beating the Capital IQ consensus forecast of $2.22. Revenues for the quarter were $1.13 billion, up from $931 million, while adjusted revenue was $1.15 billion, up from $934 million. Analysts had expected revenue of $1.16 billion.

The company meanwhile raised its FY guidance for adjusted diluted EPS of $9.12 – $9.30, from previously $8.98 – $9.28 and compared to the $9.21 estimate. For Q3, Roper expects adjusted EPS of between $2.24 and $2.30, below the $2.33 estimate.