Mettler-Toledo International Inc. Reports Second Quarter 2020 Results
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Mettler-Toledo Intl. (MTD) Tops Q2 EPS by $1.09, Revenues Beat; Offers 3Q & FY20 EPS Guidance Above Consensus
July 30, 2020 4:51 PM EDTMettler-Toledo Intl. (NYSE: MTD) reported Q2 EPS of $5.29, $1.09 better than the analyst estimate of $4.20. Revenue for the quarter came in at $690.7 million versus the consensus estimate of $643.58 million.
Reported sales decreased 6% compared with the prior year. In local currency, sales decreased 4% in the quarter as currency reduced sales by 2%. Net earnings per diluted share as reported (EPS) were $5.22, compared with $5.06 in the prior-year period. Adjusted EPS was $5.29, an increase of 3% over the prior-year amount of $5.16. Adjusted EPS is a non-GAAP measure, and a reconciliation to EPS is included on the last page of... More