Investing.com - Roper Technologies (NYSE:ROP) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $3.05 on revenue of $1.29B. Analysts polled by Investing.com anticipated EPS of $2.92 on revenue of $1.3B. That compared to EPS of $3.3 on revenue of $1.29B in the same period a year earlier. The company had reported EPS of $3.39 on revenue of $1.4B in the previous quarter.
For the year, Roper Technologies shares are down 11.2%, broadly in line with the S&P 500 which is down 11.29% year to date.
Roper Technologies follows other major Technology sector earnings this month
On Saturday, Taiwan Semiconductor reported first quarter EPS of $0.75 on revenue of $10.35B, compared to forecasts of EPS of $0.75 on revenue of $10.32B.
Intel earnings beat analyst's expectations on Thursday, with first quarter EPS of $1.45 on revenue of $19.83B. Investing.com analysts expected EPS of $1.28 on revenue of $18.67B
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