Roper Industries (ROP) Misses Q2 EPS by 5c; Trims FY16 Outlook

Roper Industries (NYSE: ROP) reported Q2 EPS of $1.56, $0.05 worse than the analyst estimate of $1.61. Revenue for the quarter came in at $932 million versus the consensus estimate of $948.22 million.

In a somewhat lower global growth environment, and as a result of continued headwinds in energy end markets and delays in toll & traffic projects, Roper expects adjusted DEPS to be in the range of $6.57 - $6.71, with third quarter adjusted DEPS of $1.59 - $1.63. The Company expects revenue in the second half to increase between 7%-9%, including organic growth of 2%-4%. The Company's guidance excludes the impact of any future acquisitions or divestitures.

*** The Street sees FY16 EPS of $6.98.

For earnings history and earnings-related data on Roper Industries (ROP) click here.

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