Mettler-Toledo International (MTD) reported third quarter adjusted EPS of $1.36 after the bell Thursday, down from the $1.44 posted last year. The consensus estimate was for EPS of $1.18. The company expects to report fourth quarter EPS of $1.90 to $2.00, compared to the consensus estimate of $1.88. The company also increased its full year guidance to between $5.39 and $5.50, from prior expectations of $4.92 to $5.42.
Mettler-Toledo International gapped up this morning and has continued to rise on above average volume. Shares are now up 5.30 at $98.90. The stock has climbed above a month and a half long range and has set a new high for the year.
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