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Mettler-Toledo: 3Q Earnings Snapshot

November 8, 2018

COLUMBUS, Ohio (AP) _ Mettler-Toledo International Inc. (MTD) on Thursday reported third-quarter net income of $126.7 million.

The Columbus, Ohio-based company said it had profit of $4.93 per share. Earnings, adjusted for amortization costs and restructuring costs, came to $5.12 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.99 per share.

The maker of precision instruments posted revenue of $734.8 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $739.8 million.

For the current quarter ending in December, Mettler-Toledo expects its per-share earnings to range from $6.72 to $6.77.

The company expects full-year earnings in the range of $20.20 to $20.25 per share.

Mettler-Toledo shares have declined nearly 4 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $595.38, a decrease of 4.5 percent 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

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