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0 -6.00148036516644E-05 -6.00148036516644E-05 -0.00018004441095469 0.00580809933116823 0.00708174683088488 0.00708174683088488 0.00708174683088488
Stock impact report

Mettler-Toledo (MTD) Q1 Earnings Top Estimates, Sales Fall Y/Y [Yahoo! Finance]

Mettler-Toledo International, Inc. (MTD) 
Last mettler-toledo international, inc. earnings: 2/6 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Net sales of $925.95 million surpassed the Zacks Consensus Estimate of $880.7 million. However, the figure was down 0.3% on a reported basis and flat on a currency-neutral basis from the year-ago quarter. Softness in the Food Retail segment and weakening conditions in the Asia/Rest of the World region were headwinds. Sluggish market demand in China was concerning. Nevertheless, the improving Laboratory segment was a positive. Growing momentum across the Americas and Europe was another major tailwind. MTD has gained 21.3% on a year-to-date basis, outperforming the industry's growth of 4.6%. The company remains apprehensive due to challenging market conditions in China, as well as overall dynamic market conditions. We believe that the solid execution of the company's Spinnaker and SternDrive programs is likely to aid its financial performance in the days ahead. Also, its portfolio strength, cost-cutting efforts, margin and productivity initiatives, and robust sales and market Show less Read more
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