UPDATE: Roper Industries Q4 Earnings Top Estimates

reported higher-than-expected earnings for the fourth quarter. The Sarasota, Florida-based company posted quarterly net income of $185.9 million, or $1.84 per share, compared to $165.7 million, or $1.65 per share, in the year-ago period. Excluding non-recurring items, the company earned $1.85 per share. GAAP revenue rose 6% to $946 million, while adjusted revenue climbed 7% to $948 million. However, analysts were estimating earnings of $1.79 per share on revenue of $953.9 million. GAAP operating margin rose 100 basis points to 30.0%, while adjusted operating margin gained 110 basis points to 30.1%. Operating cash flow in the quarter rose 11% to $261 million. For the year, Roper Industries posted a profit of $646 million on revenue of $3.55 billion. "We enter 2015 with positive momentum across our businesses," said Mr. Jellison. "We expect continued organic growth, led by our Medical and RF segments. Our acquisition pipeline remains active and we expect to deploy over $1 billion in 2015." Roper projects FY15 adjusted earnings of $6.70 to $6.94 and first-quarter earnings of $1.47 to $1.53 per share. Roper Industries shares declined 0.35% to close at $149.70 on Friday.