Sometimes the headline numbers don't tell you everything about a company's earnings, and that was definitely the case with diversified industrial Roper Technologies' (NYSE:ROP) first quarter. A revenue increase of just 4.4% accompanied by flat operating income isn't usually anything to write home about, but the figures mask a lot of moving parts under the surface, and the underlying picture is a bit brighter.
Let's take a closer look.
Let's take a closer look.
Exposure to upstream oil and gas proved a drag on first-quarter results. Image source: Roper Technologies.
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