Mettler-Toledo Anticipates Local Currency Sales For Q1 To Decline Approximately 4%-6%, Adjusted EPS Of $7.35-$7.75 (Est $8.02)
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo expects a decline in Q1 local currency sales by 4%-6% and forecasts adjusted EPS to be between $7.35 and $7.75, below the estimated $8.02.
February 08, 2024 | 10:05 pm
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Mettler-Toledo anticipates a decrease in Q1 sales and a lower adjusted EPS than expected, indicating potential short-term stock pressure.
The company's projection of a sales decline and a lower-than-expected EPS suggests potential negative investor sentiment in the short term, likely leading to downward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100