Roper Technologies Clocks 16% Revenue Growth In Q3, Raises FY23 EPS Outlook Once Again
Portfolio Pulse from Shivani Kumaresan
Roper Technologies Inc reported Q3 FY23 sales growth of 16% YoY to $1.563 billion, beating the analyst consensus estimate. Gross profit increased 16.4% to $1.1 billion. Adjusted EPS of $4.32 beat the analyst consensus estimate. The company raised its FY23 adjusted EPS outlook. However, ROP shares are trading lower by 0.30%.
October 25, 2023 | 4:53 pm
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Roper Technologies reported strong Q3 results, beating estimates and raising its FY23 EPS outlook. Despite this, its shares are trading lower.
Roper Technologies reported strong Q3 results, with sales growth of 16% YoY and adjusted EPS beating analyst estimates. The company also raised its FY23 EPS outlook. These factors would typically be expected to have a positive impact on the company's stock. However, despite the strong results, ROP shares are trading lower, indicating that other factors may be influencing the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100