Mettler-Toledo Anticipates FY24 Local Currency Sales To Increase Approximately 2% (Prior View 1% - 2%); Raises Adjusted EPS Forecast From $39.60 - $40.30 To Of $39.90 - $40.40, Est $39.90
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo has updated its FY24 outlook, now expecting local currency sales to increase by approximately 2%, up from the previous forecast of 1% to 2%. Additionally, the company has raised its adjusted EPS forecast from $39.60 - $40.30 to $39.90 - $40.40, aligning with analyst estimates of $39.90.
May 09, 2024 | 8:37 pm
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Mettler-Toledo raises FY24 sales and EPS forecasts, indicating stronger than expected financial performance.
Raising both sales and EPS forecasts suggests Mettler-Toledo is experiencing stronger financial health and operational efficiency than previously anticipated. This positive adjustment is likely to instill confidence among investors, potentially leading to a short-term uptick in MTD's stock price as the market reacts to the improved outlook.
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