Mettler-Toledo International Inc. Q4 Profit Increases, beats estimates

(RTTNews) - Mettler-Toledo International Inc. (MTD) released earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $230.87 million, or $9.94 per share. This compares with $216.30 million, or $9.03 per share, in last year's fourth quarter.

Excluding items, Mettler-Toledo International Inc. reported adjusted earnings of $10.53 per share for the period.

Analysts on average had expected the company to earn $10.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.6% to $1.04 billion from $0.94 billion last year.

Mettler-Toledo International Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $230.87 Mln. vs. $216.30 Mln. last year. -EPS (Q4): $9.94 vs. $9.03 last year. -Analyst Estimate: $10.08 -Revenue (Q4): $1.04 Bln vs. $0.94 Bln last year.