COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Mettler-Toledo International Inc. (MTD) on Thursday reported first-quarter net income of $163.6 million.
On a per-share basis, the Columbus, Ohio-based company said it had net income of $7.81. Earnings, adjusted for amortization costs and restructuring costs, came to $8.19 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $7.90 per share.
The maker of precision instruments posted revenue of $883.7 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $875 million.
For the current quarter ending in June, Mettler-Toledo expects its per-share earnings to range from $9.45 to $9.70.
The company expects full-year earnings in the range of $41.25 to $42 per share.
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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
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