Yahoo Finance Mettler-Toledo International First Quarter 2024 Earnings: Beats Expectations
Mettler-Toledo International (NYSE:MTD) First Quarter 2024 Results
Key Financial Results
Revenue: US$925.9m (flat on 1Q 2023).
Net income: US$177.5m (down 5.8% from 1Q 2023).
Profit margin: 19% (down from 20% in 1Q 2023).
EPS: US$8.28 (down from US$8.53 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mettler-Toledo International Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.2%. Earnings per share (EPS) also surpassed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Life Sciences industry in the US.
Performance of the American Life Sciences industry.
The company's shares are up 21% from a week ago.
Valuation
Mettler-Toledo International's financial results now indicate the company's shares could be facing some headwinds based on 6 important indicators. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
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