Mettler-Toledo beats Street 4Q forecasts

COLUMBUS, Ohio (AP) _ Mettler-Toledo International Inc. (MTD) on Thursday reported fourth-quarter net income of $77 million.

On a per-share basis, the Columbus, Ohio-based company said it had profit of $2.93. Earnings, adjusted for pretax expenses and restructuring costs, came to $5.97 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $5.94 per share.

The maker of precision instruments posted revenue of $778 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $765.1 million.

For the year, the company reported profit of $376 million, or $14.24 per share. Revenue was reported as $2.73 billion.

For the current quarter ending in April, Mettler-Toledo expects its per-share earnings to range from $3.65 to $3.70.

The company expects full-year earnings in the range of $19.95 to $20.15 per share.

Mettler-Toledo shares have risen slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $627.46, a rise of 36 percent in the last 12 months.

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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