NEW YORK (TheStreet) -- Roper Technologies (ROP - Get Report) shares are down by 4.17% to $164.93 in early market trading on Monday, following the release of the company's second quarter results today.
The Lakewood Ranch, FL-based medical and scientific imaging software and products provider reported second quarter net income of $171.3 million.
Roper Technologies earned an adjusted $1.70 per diluted share on revenue that rose 0.5% year over year to $889.5 million.
Analysts on average were expecting the company to earn $1.64 per share on revenue of $907.73 million for the quarter.
The company also issued downside third quarter earnings guidance between $1.53 and $1.57 per share versus analysts' $1.72 per share expectations.
Roper also lowered its full year earnings guidance to between $6.61 and $6.75 per share from its previous view between $6.75 and $6.95 per share.
Separately, TheStreet Ratings team rates ROPER TECHNOLOGIES INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ROPER TECHNOLOGIES INC (ROP) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."