Mettler-Toledo Int'l Q2 Profit Rises - Quick Facts

(RTTNews) - Mettler-Toledo International Inc. (MTD) Thursday reported second-quarter profit of $69.06 million or $2.29 per share, up from $61.70 million or $1.97 per share in the comparable quarter last year. Adjusted earnings for the quarter was $2.35 per share. On average, 11 analysts polled by Thomson Reuters expected the company to earn $2.34 per share for the quarter. Analysts' estimates typically exclude special items.

Sales improved to $578.7 million from $570.3 million last year. Analysts expected revenues of $571.42 million.

Looking ahead, the company is now targeting adjusted earnings in the order of $10.45 to $10.60 per share. This compares to the previous guidance range of $10.40 to $10.60 per share. Analysts currently expect full-year earnings of $10.54 per share.