Mettler-Toledo International (MTD) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $2.46 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $2.44. The company posted revenue of $539.70 million in the period, compared to analysts expectations of $535.86 million. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 EPS.
Mettler-Toledo International closed down -4.44 points or -1.24% at $354.69 with 1,59,510 shares getting traded on Wednesday. Post opening the session at $357.78, the shares hit an intraday low of $351.14 and an intraday high of $357.78 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 9, 2016, Hans Ulrich Maerki (director) sold 6,000 shares at $335.59 per share price. According to the SEC, on Mar 7, 2016, Waldemar Rauch (Head of Process Analytics) sold 600 shares at $333.15 per share price. On Mar 4, 2016, Francis A Contino (director) sold 2,100 shares at $327.47 per share price, according to the Form-4 filing with the securities and exchange commission.
Mettler-Toledo International Inc. is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes. In addition it is also a supplier of end-of-line inspection systems used in production and packaging for food pharmaceutical and other industries. The Company operates through five segments: U.S. Operations Swiss Operations Western European Operations Chinese Operations and Other. The Company’s products include laboratory instruments industrial instruments and retail weighing solutions. The Company’s manufacturing facilities are located in China Switzerland the United States Germany and the United Kingdom.