SARASOTA, Fla. (AP) _ Roper Technologies Inc. (ROP) on Friday reported fourth-quarter net income of $255.8 million.

On a per-share basis, the Sarasota, Florida-based company said it had net income of $2.41. Earnings, adjusted for amortization costs and non-recurring costs, came to $3.56 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.49 per share.

The industrial equipment maker posted revenue of $1.51 billion in the period, falling short of Street forecasts. Four analysts surveyed by Zacks expected $1.52 billion.

For the year, the company reported profit of $949.7 million, or $8.98 per share. Revenue was reported as $5.53 billion.

For the current quarter ending in April, Roper Technologies expects its per-share earnings to range from $3.26 to $3.32. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.47.

The company expects full-year earnings in the range of $14.35 to $14.75 per share.

Roper Technologies shares have decreased almost 2% since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 1%. The stock has risen 12% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ROP at https://www.zacks.com/ap/ROP

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