Roper Industries Inc. (ROP: Quote) reported second quarter EPS of $1.15 Monday morning, up from $1.08 in the prior year period. The consensus estimate was for EPS of $1.15. The company also increased its full year 2012 EPS forecast to between $4.84 and $5.00, from previous expectations of $4.75 to $4.91. The consensus estimate is for EPS of $4.83.
Roper Industries also agreed to acquire Sunquest Information Systems Inc. in an all cash transaction valued at $1.415 billion, including $25 million in cash tax benefits.
Roper Industries gapped up sharply Monday and is currently higher by 7.28 at $105.87. The stock has surged past resistance and has set a new high for the year.
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by RTT Staff Writer
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