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Mettler-Toledo: 3Q Earnings Snapshot

COLUMBUS, Ohio (AP) _ Mettler-Toledo International Inc. (MTD) on Thursday reported third-quarter net income of $129.4 million.

On a per-share basis, the Columbus, Ohio-based company said it had profit of $5.20. Earnings, adjusted for pretax expenses and restructuring costs, were $5.77 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $5.71 per share.

The maker of precision instruments posted revenue of $753.9 million in the period, which met Street forecasts.

For the current quarter ending in December, Mettler-Toledo expects its per-share earnings to range from $7.66 to $7.71.

The company expects full-year earnings in the range of $22.65 to $22.70 per share.

Mettler-Toledo shares have climbed 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $722, a climb of 22% 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