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Barchart
Sohini Mondal

What You Need to Know Ahead of Mettler-Toledo's Earnings Release

MTD

With a market cap of $27.6 billion, Mettler-Toledo International Inc. (MTD) operates in the precision instruments sector and specializes in high-precision weighing and analytical instruments. It serves diverse industries worldwide, providing laboratory, industrial, and retail weighing solutions, as well as in-line measurement systems for production processes. The Columbus, Ohio-based company is expected to unveil its fiscal Q3 earnings results after the market closes on Thursday, Nov. 7. 

Ahead of the event, analysts forecast the medical equipment maker to post a profit of $10 per share, reflecting a growth of 2% from $9.80 per share in the same quarter last year. The company has surpassed Wall Street's bottom-line projections in three of the past four quarters while missing on another occasion. MTD surpassed the consensus EPS estimate by a margin of 7.2% in the last reported quarter.

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