RTTNews | Oct 27, 2020 08:00AM EDT

07:59 Tuesday, October 27, 2020 (RTTNews.com) - While reporting financial results for the third quarter on Tuesday, software developer Roper Technologies, Inc. (ROP) raised its adjusted earnings guidance for the full-year 2020, and provided adjusted earnings outlook for the fourth quarter, below analysts' estimates.

For fiscal 2020, the company now projects adjusted earnings in a range of $12.55 to $12.65 per share, down from the previous range of $11.90 to $12.40 per share.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $12.49 per share for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects adjusted earnings in a range of $3.39 to $3.49 per share, while the Street is looking for earnings of $3.50 per share for the quarter.

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