Roper Technologies (ROP) saw its stock price plummet 6.47% in pre-market trading on Thursday following the release of its third-quarter financial results and adjusted full-year guidance. The technology conglomerate reported mixed results and narrowed its earnings forecast, citing acquisition-related costs as a key factor.

While Roper's Q3 adjusted earnings per share of $5.14 beat analysts' expectations of $5.11, the company's revenue of $2.02 billion fell slightly short of the estimated $2.024 billion. However, the primary driver of the stock's decline appears to be the company's revised full-year outlook. Roper narrowed its adjusted earnings per share guidance for 2025 to a range of $19.90 to $19.95, down from the previous range of $19.90 to $20.05. This adjustment reflects a 10-cent hit due to third-quarter acquisitions that weren't accounted for in the earlier forecast.

Despite the negative market reaction, Roper highlighted some positive aspects of its performance. The company reported a 14% increase in revenue compared to the same period last year, driven by 8% growth from acquisitions and 6% organic growth. Additionally, Roper announced a new $3 billion share repurchase program, signaling confidence in its long-term prospects. However, investors seem to be focusing on the near-term impact of acquisition costs and the slightly lowered earnings expectations, leading to the significant pre-market decline.