Mettler-Toledo Anticipates Local Currency Sales In 2024 To Increase Approximately 1%-2% (Prior View Approximately Flat); Raises Adjusted EPS Outlook From $39.10-$39.80 To $39.60-$40.30 (Est $39.67)
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo has updated its 2024 outlook, expecting local currency sales to grow by 1%-2%, an improvement from its previous forecast of approximately flat sales. Additionally, the company has raised its adjusted EPS forecast from $39.10-$39.80 to $39.60-$40.30, slightly above the estimated $39.67.
February 08, 2024 | 10:11 pm
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Mettler-Toledo raises its 2024 sales and EPS outlook, indicating stronger performance expectations.
Raising both sales and EPS outlooks for 2024 suggests Mettler-Toledo is anticipating stronger financial performance than previously expected. This positive revision is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
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