SARASOTA, Fla. (AP) ¿ Roper Industries Inc., which makes engineered products for industries including water and energy, reported Thursday a first-quarter profit of $51.6 million, or 56 cents a share, a 17 percent decline compared to a profit of $62.5 million, or 67 cents a share, in the same period a year ago.

The first-quarter earnings included 3 cents a share related to restructuring charges. Adjusted earnings in the quarter were 59 cents a share.

Revenue in the quarter ended March 31 came to $505.4 million, a 6.9 percent decrease compared to $543.0 million recorded a year ago.

Analysts surveyed by Thomson Reuters, on average, were expecting earnings of 57 cents a share on revenue of $526.9 million. Analysts generally exclude one-time items from their estimates.

Going forward, the company said it currently expects second-quarter diluted earnings per share in a range of 61 cents to 65 cents. Analysts were expecting second-quarter earnings of 68 cents a share.

The company said it expects full-year diluted earnings per share in a range of $2.60 to $2.80. Analysts were expecting full-year earnings of $2.71 a share.

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