Mettler-Toledo (MTD) Q1 Earnings Top Estimates, Sales Fall Y/Y

Mettler-Toledo International, Inc. (MTD) reported first-quarter 2024 adjusted earnings of $8.89 per share, which beat the Zacks Consensus Estimate by 16.8%. The bottom line increased 2% on a year-over-year basis.Net sales of$ 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 regio ...