Mettler-Toledo International Inc. (MTD) Thursday said its first-quarter profit increased to $52.3 million or $1.62 per share from $46.8 million or $1.41 per share in the prior-year quarter.
Adjusted earnings, which excludes special items, was $1.66, up 14 percent from $1.45 last year.
On average, 11 analysts polled by Thomson Reuters expected the company to earn $1.62 per share for the first quarter. Analysts' estimates typically exclude one-time items.
First-quarter sales in local currency increased 8 percent to $535.4 million from $498.8 million in the prior-year quarter. Analysts expected revenues of $526.91 million for the period.
Looking ahead to the second quarter, the company forecast adjusted earnings in a range of $2.10 to $2.15 per share. Analysts currently expect second-quarter earnings of $2.18 per share.
For fiscal year 2012, the company re-affirmed its adjusted earnings guidance range of $9.20 to $9.50 per share. Analysts currently expect the company to earn $9.42 per share for the fiscal year 2012.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.