Mettler-Toledo Cuts FY23 Adjusted EPS Forecast From $43.65-$43.95 To $40.30-$41.20, Estimate $43.39
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo has reduced its FY23 adjusted EPS forecast from $43.65-$43.95 to $40.30-$41.20, which is below the estimated $43.39.
July 27, 2023 | 9:55 pm
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NEGATIVE IMPACT
Mettler-Toledo's lowered FY23 adjusted EPS forecast could negatively impact its stock price in the short term.
Mettler-Toledo's revised FY23 EPS forecast is lower than the previous forecast and the estimated value. This could lead to a negative sentiment among investors, potentially causing a short-term drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100