Mettler-Toledo International Inc. (MTD) reported a decline in profit for the first quarter compared to the same period last year. However, the figures were still higher than what experts predicted.
The company posted earnings of $177.51 million, or $8.24 per share, a dip compared to the $188.43 million or $8.47 per share from last year's first quarter.
When accounting for particular items, Mettler-Toledo International Inc. recorded an adjusted earnings of $8.89 per share for the duration.
In contrast, based on Thomson Reuters data, analysts had projected the company's earnings to be $7.64 per share on average. These estimates generally do not include unique items.
Regarding the company's quarterly revenue, there was a 0.3% drop to $925.95 million, down from $928.74 million the previous year.
Below is a brief overview of Mettler-Toledo International Inc's earnings (on GAAP basis):
- Earnings (Q1): $177.51 million vs. $188.43 million last year.
- EPS (Q1): $8.24 vs. $8.47 last year.
- Revenue (Q1): $925.95 million vs. $928.74 million last year.
Additionally, the company provided its next quarter EPS forecast at $8.90 to $9.05, and the full-year EPS guidance stands at $39.60 to $40.30.
