Mettler-Toledo Intl Q2 2024 Adj. EPS $9.65 Beats $9.03 Estimate, Sales $946.750M Beat $929.125M Estimate
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo Intl (NYSE:MTD) reported Q2 2024 adjusted EPS of $9.65, beating the $9.03 estimate. Sales were $946.750M, surpassing the $929.125M estimate. However, both EPS and sales decreased compared to the same period last year.
August 01, 2024 | 8:31 pm
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Mettler-Toledo Intl (NYSE:MTD) reported Q2 2024 adjusted EPS of $9.65, beating the $9.03 estimate by 6.87%. Sales were $946.750M, surpassing the $929.125M estimate by 1.90%. However, both EPS and sales decreased compared to the same period last year.
The positive earnings surprise and sales beat are likely to have a short-term positive impact on MTD's stock price. However, the year-over-year decline in both EPS and sales may temper investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100