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Mettler-Toledo: 4Q Earnings Snapshot

COLUMBUS, Ohio (AP) _ Mettler-Toledo International Inc. (MTD) on Thursday reported fourth-quarter net income of $181.2 million.

The Columbus, Ohio-based company said it had profit of $7.11 per share. Earnings, adjusted for non-recurring gains, came to $6.85 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $6.74 per share.

The maker of precision instruments posted revenue of $817.9 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $807.4 million.

For the year, the company reported profit of $512.6 million, or $19.88 per share. Revenue was reported as $2.94 billion.

For the current quarter ending in April, Mettler-Toledo expects its per-share earnings to range from $4 to $4.05.

The company expects full-year earnings in the range of $22.50 to $22.70 per share.

Mettler-Toledo shares have increased 15 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $648, a rise of almost 1 percent 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