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MrWhy.com » Videos » Roper Industries Topped Q1 Estimates; Issued Q2, 2011 EPS Gu
Roper Industries Topped Q1 Estimates; Issued Q2, 2011 EPS Gu
Roper Industries Topped Q1 Estimates; Issued Q2,  2011 EPS Gu
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Roper Industries Topped Q1 Estimates; Issued Q2, 2011 EPS Gu
Roper Industries (NYSE:ROP) reported Q1 EPS of $0.91, ahead of consensus estimates of $0.87 per share. Revenues for the quarter rose 20.8% year-over-year to $645.3 million, topping consensus estimates of $636.6 million.The company sees Q2 EPS of $0.95 to $1.00, vs. consensus estimates of $0.95 per share. For 2011, it upped EPS guidance to $3.97 to $4.12, from $3.82 to $4.02 per share, vs. consensus estimates of $3.96 per share.Brian Jellison, Roper’s Chairman, President and CEO said, "Roper is off to a great start in 2011 with organic sales growth of 16% and orders that exceeded our expectations. We are encouraged by broad-based strength across all four of our segments, as each posted double-digit sales and orders growth. As a result of strong operating leverage and exceptional execution by our businesses, we were able to expand both gross margin by 200 basis points and operating margin by 320 basis points in the quarter."
Channel: Voxant Newsroom
Category: Business
Video Length: 0
Date Found: April 26, 2011
Date Produced: April 26, 2011
View Count: 0
 
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