Roper Technologies Inc. said its normalized net income for the third quarter came to $1.59 per share, compared with the S&P Capital IQ consensus estimate of $2.29 per share.
EPS increased 8.6% year over year from $1.47.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $165.4 million, an increase of 9.8% from $150.6 million in the prior-year period.
The normalized profit margin declined to 14.3% from 15.9% in the year-earlier period.
Total revenue climbed 22.7% on an annual basis to $1.16 billion from $945.1 million, and total operating expenses rose 25.3% year over year to $849.2 million from $677.8 million.
Reported net income increased 14.2% year over year to $190.8 million, or $1.84 per share, from $167.1 million, or $1.63 per share.
