Mettler-Toledo Intl Q3 Adj EPS $9.80 Beats $9.74 Estimate, Sales $942.46M Miss $949.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo Intl (NYSE:MTD) reported Q3 adjusted earnings of $9.80 per share, beating the analyst consensus estimate of $9.74 by 0.62 percent. However, this is a 3.73 percent decrease from the same period last year. The company's quarterly sales of $942.46 million missed the analyst consensus estimate of $949.89 million by 0.78 percent, marking a 4.40 percent decrease from the same period last year.
November 09, 2023 | 9:33 pm
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Mettler-Toledo Intl's Q3 earnings beat estimates but are down YoY. Sales missed estimates and are down YoY.
Mettler-Toledo Intl's earnings beat estimates, which is a positive signal. However, the YoY decrease in both earnings and sales, as well as the missed sales estimates, are negative signals that could lead to a decrease in the stock price in the short term.
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