Mettler-Toledo Expects Local Currency Sales For Q3 To Decline 3%-4%, Adjusted EPS Of $9.55-$9.85 (Est. $11.42)
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo International Inc. (MTD) has projected a decline in local currency sales for Q3 by 3%-4%. The company also expects an adjusted EPS of $9.55-$9.85, which is lower than the estimated $11.42.
July 27, 2023 | 9:51 pm
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NEGATIVE IMPACT
Mettler-Toledo's lower than expected Q3 projections may negatively impact its stock price in the short term.
Mettler-Toledo's projected decline in Q3 sales and lower than expected EPS could lead to investor uncertainty and a potential decrease in stock price. The company's stock is directly tied to its financial performance, and these projections are a key indicator of that performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100