Mettler-Toledo International Inc. (MTD) released earnings for first quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $163.59 million, or $7.81 per share. This compares with $177.51 million, or $8.24 per share, last year.
Excluding items, Mettler-Toledo International Inc. reported adjusted earnings of $8.19 per share for the period.
Analysts on average had expected the company to earn $7.88 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 4.6% to $883.74 million from $925.95 million last year.
Mettler-Toledo International Inc. earnings at a glance (GAAP) :
-Earnings: $163.59 Mln. vs. $177.51 Mln. last year.
-EPS: $7.81 vs. $8.24 last year.
-Revenue: $883.74 Mln vs. $925.95 Mln last year.
-Guidance:
Next quarter EPS guidance: $9.45 to $9.70
Full year EPS guidance: $42.35 to $43.00
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