July 26, 2007 / 10:26 PM / 12 years ago

UPDATE 1-Roper Industries posts higher quarterly profit

(Adds details, outlook)

July 26 (Reuters) - Diversified manufacturer Roper Industries Inc. (ROP.N) reported a rise in second-quarter profit, helped by higher internal sales and growth in orders.

Net earnings for the quarter were $61.2 million, or 66 cents a share, compared with $48.1 million, or 53 cents a share, a year ago.

Second-quarter net sales rose to $530.6 million from $425.3 million a year ago.

Analysts on average were expecting second-quarter earnings of 65 cents a share, before items, on revenue of $513.3 million, according to Reuters Estimates.

For the third quarter, the company expects earnings of 67 cents to 69 cents a share. Analysts on average expect earnings of 68 cents a share before exceptional items.

For 2007, the company raised its earnings outlook to $2.60 to $2.66 a share, from $2.54 to $2.64 a share.

Analysts on average expect 2007 earnings of $2.63 a share before items. (Reporting by Aniruddha Basu in Bangalore)

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