Roper Technologies Inc (NASDAQ:ROP) reported fiscal first-quarter 2024 revenue growth of 14% year-on-year to $1.68 billion, beating the analyst consensus estimate of $1.65 billion. Adjusted EPS of $4.41 beat the analyst consensus estimate of $4.34. Gross profit increased to $1.18 billion from $1.02 billion a year ago. Operating income increased to $483.9 million from $360.1 million the prior quarter. Adjusted EBITDA rose 16% year over year to $676 million, and margin expanded by 60 basis points
The jewels shone as bright as the stars at the fairytale event.
Shares of Exxon Mobil (XOM) and Chevron (CVX) traded lower on Friday as both companies revealed a year-over-year decline in first quarter revenue due to refining margins being lower. Will these reports have an effect at the pump? Yahoo Finance Reporter Ines Ferré joins Wealth! to break down the potential impact on gas prices and what consumers and investors should keep in mind moving forward. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino
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