Thursday, Mettler-Toledo International Inc. (MTD) reported third-quarter net income of $41.5 million or $1.21 per share, compared to net income of $52.7 million or $1.52 per share in the same quarter last year.
On an adjusted basis, net income was $1.36 per share, down 6% from $1.44 per share in the year ago quarter.
On average, eight analysts polled by Thomson Reuters expected the company to earn $1.18 per share for the quarter. Analysts' estimates typically exclude special items.
Sales for the quarter were $435.7 million, down from $509.1 million in the comparable quarter last year. Analysts expected the company to report revenue of $418.27 million for the quarter.
Looking ahead to the fourth quarter, the company expects a local currency sales to decline in the range of -6% to -7%. On an adjusted basis, earnings are expected in the range of $1.90 - $2.00 per share. Analysts currently anticipate the company to earn $1.88 per share for the quarter.
For the full year 2009, the company expects results in a local currency sales to decline of approximately -10%. On an adjusted basis, earnings are expected in the range of $5.39 - $5.50 per share, compared to previous guidance of $4.92 - $5.42 per share. Analysts currently anticipate the company to earn $5.21 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.