Mettler-Toledo Intl Q1 2024 Adj EPS $8.89 Beats $7.64 Estimate, Sales $925.949M Beat $879.721M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo Intl (MTD) reported Q1 2024 adjusted EPS of $8.89, surpassing the $7.64 estimate, with sales of $925.949M also beating the $879.721M estimate. This represents a 16.36% beat on EPS and a 5.25% beat on sales estimates, though sales slightly decreased by 0.30% from the previous year.
May 09, 2024 | 8:32 pm
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Mettler-Toledo Intl reported a significant beat on both EPS and sales estimates for Q1 2024, with a slight year-over-year sales decrease.
Beating both EPS and sales estimates significantly indicates strong financial health and operational efficiency, likely leading to positive investor sentiment. However, the slight decrease in year-over-year sales suggests a need to watch future growth trends closely.
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