Mettler-Toledo Anticipates Local Currency Sales For Q4 To Decline 7%-8%, And Adjusted EPS Of $10.50-$10.70, A Decline Of 12%-13%
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo International Inc. (MTD) expects its Q4 local currency sales to decline by 7%-8%. The company also anticipates an adjusted EPS of $10.50-$10.70, a decline of 12%-13%. The Q4 guidance includes an estimated 1% headwind to adjusted EPS growth due to adverse currency.
November 09, 2023 | 9:35 pm
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NEGATIVE IMPACT
Mettler-Toledo's Q4 sales and adjusted EPS are expected to decline, which could negatively impact the company's stock price in the short term.
Mettler-Toledo's announcement of expected declines in Q4 sales and adjusted EPS could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100