COLUMBUS, Ohio (AP) — COLUMBUS, Ohio (AP) — Mettler-Toledo International Inc. (MTD) on Thursday reported fourth-quarter profit of $285.8 million.
The Columbus, Ohio-based company said it had net income of $13.98 per share. Earnings, adjusted for one-time gains and costs, came to $13.36 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $12.76 per share.
The maker of precision instruments posted revenue of $1.13 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.1 billion.
For the year, the company reported profit of $869.2 million, or $42.05 per share. Revenue was reported as $4.03 billion.
For the current quarter ending in March, Mettler-Toledo expects its per-share earnings to range from $8.60 to $8.75.
The company expects full-year earnings in the range of $46.05 to $46.70 per share.
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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