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Sarasota, Florida-based Roper Technologies, Inc. (ROP) operates market-leading businesses that design and develop vertical software and technology-enabled products for a variety of defensible niche markets. Valued at $53.6 billion by market cap, Roper operates through Application Software, Network Software, and Technology Enabled Products segments.
The software major is expected to announce its third-quarter results on Wednesday, Oct. 22. Ahead of the event, analysts expect Roper to deliver a non-GAAP profit of $5.11 per share, up 10.6% from $4.62 per share reported in the year-ago quarter. Further, the company has a solid earnings surprise history. It has surpassed the Street’s bottom-line estimates in each of the past four quarters.