Tech
Roper cuts annual profit forecast as acquisition costs bite
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Roper Technologies cut its annual profit forecast on Thursday, as it expects higher costs related to acquisitions in the third quarter, sending the software company‘s shares down 7%.
The company has grown largely through acquisitions, establishing itself as a provider of software and automated solutions to a variety of sectors, including healthcare, transportation and education.
Roper has more than $5 billion in capital available for merger and acquisitions over the next 12 months, it said.
It now expects adjusted earnings per share between $19.90 and…
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