Mettler-Toledo Intl. (MTD) Tops Q3 EPS by 3c

Mettler-Toledo Intl. (NYSE: MTD) reported Q3 EPS of $4.36, $0.03 better than the analyst estimate of $4.33. Revenue for the quarter came in at $685.6 million versus the consensus estimate of $685.57 million.

GUIDANCE:

Mettler-Toledo Intl. sees Q4 2017 EPS of $5.90.

"For the full year 2017, local currency sales growth is expected to be approximately 8%. This sales growth is expected to result in Adjusted EPS of approximately $17.50, an increase of 18%. This compares with previous guidance of Adjusted EPS in the range of $17.25 to $17.35.

The Company said that based on its assessment of market conditions today, management anticipates local currency sales growth in 2018 will be approximately 6%. This sales growth is expected to result in Adjusted EPS in the range of $19.65 to $19.85, which reflects growth of 12% to 13%."

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

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