Mettler-Toledo International (MTD) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $3.22 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $3.13. The company posted revenue of $608.28 million in the period, compared to analysts expectations of $597.28 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.80 EPS.
Many Wall Street Analysts have commented on Mettler-Toledo International. Mettler-Toledo International was Downgraded by Citigroup to ” Neutral” on Jun 23, 2016.
Mettler-Toledo International opened for trading at $392.1 and hit $400.67 on the upside on Thursday, eventually ending the session at $397.69, with a gain of 1.71% or 6.67 points. The heightened volatility saw the trading volume jump to 1,95,619 shares. Company has a market cap of $10,642 M.
In a different news, on Jun 13, 2016, Wah-hui Chu (director) sold 1,000 shares at $384.00 per share price. According to the SEC, on May 19, 2016, Oliver A Filliol (President and CEO) sold 15,000 shares at $368.66 per share price. On May 18, 2016, William P Donnelly (Executive Vice President) sold 2,967 shares at $370.52 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.