Mettler-Toledo Q3 Earnings Top Estimates, Sales Up Y/Y, Shares Fall

Mettler-Toledo International (MTD) shares fell 7.19% to close at $1,310.03 on Nov. 8 following third-quarter 2024 results.MTD reported third-quarter 2024 adjusted earnings of$10.21 per share, which beat the Zacks Consensus Estimate by 2.1%. The bottom line increased 4.2% on a year-over-year basis.Net sales of $954.5 million surpassed the Zacks Consensus Estimate of$942 million. The figure rose 1.3% on a reported basis and 1% on a local currency basis from the year-ago quarter.The softness in the Food Reta ...