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Mettler-Toledo: 1Q Earnings Snapshot

COLUMBUS, Ohio (AP) _ Mettler-Toledo International Inc. (MTD) on Thursday reported first-quarter profit of $111.8 million.

On a per-share basis, the Columbus, Ohio-based company said it had profit of $4.42. Earnings, adjusted for non-recurring gains, came to $4.10 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.06 per share.

The maker of precision instruments posted revenue of $679.5 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $674.3 million.

For the current quarter ending in July, Mettler-Toledo expects its per-share earnings to range from $5.05 to $5.10.

The company expects full-year earnings in the range of $22.55 to $22.75 per share.

Mettler-Toledo shares have risen 31% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $740.86, a rise of 35% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTD at https://www.zacks.com/ap/MTD