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Roper Technologies (ROP) Misses on Q2 Earnings, Revenues
Headquartered in Sarasota, Florida, Roper Technologies, Inc. (ROP - Free Report) 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 second 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 $1.56 missing the Zacks Consensus Estimate of $1.61. Earnings decreased 8.2% year over year.
Revenue: Revenues of $931.6 million were up 4.7% year over year but fell short of the Zacks Consensus Estimate of $959 million.
Key Stats: Net orders increased 9% to $956 million in the quarter.
Check back later for our full write up on this ROP earnings report later!
ROPER INDS INC Price
ROPER INDS INC Price | ROPER INDS INC Quote
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