Mettler-Toledo Intl. (MTD) Misses Q3 EPS by 2c

Mettler-Toledo Intl. (NYSE: MTD) reported Q3 EPS of $3.16, $0.02 worse than the analyst estimate of $3.18. Revenue for the quarter came in at $604.15 million versus the consensus estimate of $596.39 million.

Mettler-Toledo Intl. sees FY2015 EPS of $12.85-$12.90, versus prior guidance of $12.75-$12.90 and the consensus of $12.82.

Olivier Filliol, President and Chief Executive Officer, stated, "Sales growth in the Americas was very strong with broad-based growth in most product lines. Europe came in as expected and we continue to execute well in this region. We continued to experience sales declines in China, Russia and Brazil, however our other emerging markets businesses performed well in the quarter. We had very good margin expansion in the quarter and, despite currency headwinds, achieved solid EPS growth."

For earnings history and earnings-related data on Mettler-Toledo Intl. (MTD) click here.

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