COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Mettler-Toledo International Inc. (MTD) on Thursday reported fourth-quarter net income of $265.8 million.
The Columbus, Ohio-based company said it had net income of $11.86 per share. Earnings, adjusted for non-recurring costs, came to $12.10 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $11.63 per share.
The maker of precision instruments posted revenue of $1.06 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.03 billion.
For the year, the company reported profit of $872.5 million, or $38.41 per share. Revenue was reported as $3.92 billion.
For the current quarter ending in March, Mettler-Toledo expects its per-share earnings to range from $8.55 to $8.65.
The company expects full-year earnings in the range of $43.55 to $43.95 per share.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTD at https://www.zacks.com/ap/MTD
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
