Roper Industries Q3 Profit Tops Estimates; Ups FY14 Adj. EPS View - Quick Facts

(RTTNews) - Roper Industries, Inc. (ROP), a diversified technology company, posted higher net earnings of $155.51 million, or $1.54 per share for the third quarter, compared with last year's $136.32 million, or $1.36 per share.

On an adjusted basis, earnings per share for the latest quarter were $1.55, a 9% increase year-over-year. On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $1.53 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly GAAP revenue improved to $884.12 million from $827.81 million in the previous year, with adjusted revenue rising by 6% to $885 million. Wall Street expected revenues of $887.92 million for the quarter. Orders increased to $893 million and enterprise book-to-bill was 1.01x for the quarter.

Going forward, the company is lifting its full-year adjusted earnings per share guidance to $6.32 - $6.38, from its previous $6.27 - $6.37 range, and establishing fourth-quarter adjusted earnings per share target of $1.75 - $1.81. Analysts project earnings per share of $6.32 for 2014, and $1.77 for the fourth quarter of 2014.