Mettler-Toledo Continues To Anticipate FY24 Local Currency Sales To Increase Approximately 2%; Raises Adjusted EPS Forecast From $39.90 - $40.40 To $40.20 - $40.50, Est $40.25
Portfolio Pulse from Benzinga Newsdesk
Mettler-Toledo (MTD) has updated its financial outlook for FY24, expecting local currency sales to increase by approximately 2%. The company has also raised its adjusted EPS forecast from the range of $39.90 - $40.40 to $40.20 - $40.50, with an estimated EPS of $40.25.
August 01, 2024 | 8:40 pm
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Mettler-Toledo has raised its FY24 adjusted EPS forecast to $40.20 - $40.50 and expects a 2% increase in local currency sales. This positive revision indicates strong financial performance and could boost investor confidence.
The upward revision of the EPS forecast and the anticipated increase in sales suggest strong financial health and performance for Mettler-Toledo. This is likely to positively impact the stock price in the short term as investors react to the improved outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100