COLUMBUS, Ohio (AP) _ Mettler-Toledo International Inc. (MTD) on Thursday reported first-quarter profit of $149.7 million.
On a per-share basis, the Columbus, Ohio-based company said it had net income of $6.32. Earnings, adjusted for one-time gains and costs, were $6.56 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $5.65 per share.
The maker of precision instruments posted revenue of $804.4 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $758.3 million.
For the current quarter ending in July, Mettler-Toledo expects its per-share earnings to range from $7.50 to $7.65.
The company expects full-year earnings in the range of $31.45 to $31.90 per share.
Mettler-Toledo shares have risen 14% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $1,298.57, an increase of 81% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MTD at https://www.zacks.com/ap/MTD
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