×

Roper Industries tops 4Q profit forecasts

Roper Industries on Monday reported fourth-quarter net income of $185.9 million.

The Sarasota, Florida-based company said it had profit of $1.84 per share. Earnings, adjusted for non-recurring costs, were $1.85 per share.

The results beat Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.79 per share.

The industrial equipment maker posted revenue of $946.1 million in the period, missing Street forecasts. Analysts expected $953.9 million, according to Zacks.

For the year, the company reported profit of $646 million, or $6.40 per share. Revenue was reported as $3.55 billion.

For the current quarter ending in March, Roper Industries expects its per-share earnings to range from $1.47 to $1.53. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.52.

The company expects full-year earnings in the range of $6.70 to $6.94 per share.

Roper Industries shares have declined slightly more than 4 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has risen 10 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROP at http://www.zacks.com/ap/ROP.