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Mettler-Toledo: 3Q Earnings Snapshot

·1 min read

COLUMBUS, Ohio (AP) _ Mettler-Toledo International Inc. (MTD) on Thursday reported third-quarter profit of $161.8 million.

On a per-share basis, the Columbus, Ohio-based company said it had net income of $6.68. Earnings, adjusted for restructuring costs and amortization costs, came to $7.02 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $6.02 per share.

The maker of precision instruments posted revenue of $807.4 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $747.9 million.

For the current quarter ending in December, Mettler-Toledo expects its per-share earnings to range from $8.60 to $8.70.

The company expects full-year earnings in the range of $24.87 to $24.97 per share.

Mettler-Toledo shares have climbed 40% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $1,106.65, a rise of 55% in the last 12 months.

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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