Mettler-Toledo Intl: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Mettler-Toledo Intl (NYSE:MTD) reported Q3 earnings, beating estimated earnings by 0.62% with an EPS of $9.8. However, revenue was down $43.39 million from the same period last year. Last quarter, the company also beat EPS estimates, which was followed by a 1.18% drop in the share price the next day.
November 09, 2023 | 9:35 pm
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Mettler-Toledo Intl's Q3 earnings beat estimates but saw a decrease in revenue. Past performance shows a share price drop following an earnings beat.
Mettler-Toledo Intl beat earnings estimates, which is generally a positive signal. However, the company's revenue was down compared to the same period last year, which could be a concern for investors. Additionally, past performance shows that the company's share price dropped the day after it beat earnings estimates last quarter, which could suggest a similar pattern this time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100