Mettler-Toledo Cautions That Market Conditions Are Uncertain And Could Change Quickly; Anticipates Q3 Local Currency Sales To Increase ~1%; Adjusted EPS Of $9.90 - $10.05, Est $10.36
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo has issued a caution regarding uncertain market conditions and anticipates a modest increase in Q3 local currency sales by approximately 1%. The company projects adjusted EPS to be between $9.90 and $10.05, which is below the estimated $10.36.
August 01, 2024 | 8:37 pm
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Mettler-Toledo has cautioned about uncertain market conditions and expects Q3 local currency sales to increase by around 1%. The company projects adjusted EPS to be between $9.90 and $10.05, which is below the market estimate of $10.36.
The company's caution about uncertain market conditions and the projection of adjusted EPS below market estimates are likely to negatively impact the stock price in the short term.
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