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Mettler-Toledo: 2Q Earnings Snapshot

COLUMBUS, Ohio (AP) _ Mettler-Toledo International Inc. (MTD) on Thursday reported second-quarter net income of $127.2 million.

The Columbus, Ohio-based company said it had net income of $5.06 per share. Earnings, adjusted for one-time gains and costs, were $5.16 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.09 per share.

The maker of precision instruments posted revenue of $731.4 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $736.3 million.

For the current quarter ending in October, Mettler-Toledo expects its per-share earnings to range from $5.65 to $5.75.

The company expects full-year earnings in the range of $22.60 to $22.75 per share.

Mettler-Toledo shares have risen 35% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $761.02, a climb of 30% 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