Mettler-Toledo International Inc. (MTD) has announced its second-quarter earnings, which have shown an increase compared to the same period last year, surpassing Wall Street estimates.
The company reported earnings of $221.814 million, or $10.37 per share, a significant rise from the $49.476 million, or $9.69 per share, recorded in the second quarter of the previous year.
When excluding certain items, the adjusted earnings stood at $9.65 per share for the quarter.
On average, analysts, as compiled by Thomson Reuters, had forecasted earnings of $9.03 per share, typically excluding special items.
Despite the earnings boost, Mettler-Toledo's quarterly revenue fell by 3.6%, down to $946.750 million from $982.117 million in the corresponding quarter last year.
Summary of Mettler-Toledo's Second Quarter (GAAP):
- Earnings: $221.814 million, up from $49.476 million last year.
- Earnings Per Share (EPS): $10.37, compared to $9.69 last year.
- Revenue: $946.750 million, down from $982.117 million last year.
