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Mettler-Toledo: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Mettler-Toledo International Inc. (MTD) on Thursday reported second-quarter profit of $221.8 million.

On a per-share basis, the Columbus, Ohio-based company said it had profit of $10.37. Earnings, adjusted for one-time gains and costs, were $9.65 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $9 per share.

The maker of precision instruments posted revenue of $946.8 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $923.9 million.

For the current quarter ending in September, Mettler-Toledo expects its per-share earnings to range from $9.90 to $10.05.

The company expects full-year earnings in the range of $40.20 to $40.50 per share.

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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