Mettler-Toledo: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 05:42 PM ET
Last Updated - Jun 21, 2023, 10:36 PM EDT
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.
