Roper Technologies (ROP) shares tumbled 6.47% in pre-market trading on Thursday following the release of its third-quarter earnings report and revised full-year guidance. Despite beating analyst expectations for Q3 adjusted earnings, the company's decision to narrow its full-year profit forecast due to acquisition costs has sparked investor concerns.

The technology conglomerate reported Q3 adjusted earnings of $5.14 per share, surpassing the analyst consensus of $5.11. Revenue for the quarter rose 14% to $2.02 billion, driven by 8% growth from acquisitions and 6% organic growth. However, the company narrowed its full-year adjusted earnings guidance to $19.90-$19.95 per share, down from the previous range of $19.90-$20.05, citing a 10-cent hit due to third-quarter acquisitions.

In a move that failed to offset investor disappointment, Roper also announced a new $3 billion share repurchase program. The company deployed $1.3 billion for acquisitions in the third quarter, including the purchase of Convoy Platform and Orchard Software. While these strategic moves aim to enhance long-term shareholder value, the short-term impact on earnings appears to have rattled the market, leading to the significant pre-market decline.