Mettler-Toledo: Q1 Earnings Snapshot

Associated Press Finance
1 min read
0
In this article:

COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Mettler-Toledo International Inc. (MTD) on Thursday reported first-quarter profit of $188.4 million.

The Columbus, Ohio-based company said it had net income of $8.47 per share. Earnings, adjusted for one-time gains and costs, came to $8.69 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $8.61 per share.

The maker of precision instruments posted revenue of $928.7 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $906.5 million.

For the current quarter ending in June, Mettler-Toledo expects its per-share earnings to range from $9.90 to $10.

The company expects full-year earnings in the range of $43.65 to $43.95 per share.

_____

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

Advertisement

Recommended Stories