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Mettler-Toledo books 11% YOY increase in Q2 EPS, lifts FY'19 earnings forecast

Mettler-Toledo International Inc.'s adjusted EPS for the second quarter totaled $5.16, compared with the S&P Global Market Intelligence consensus normalized EPS estimate of $5.08.

The Columbus, Ohio-based laboratory equipment manufacturer's EPS rose 11% year over year from $4.65.

Second-quarter adjusted operating profit totaled $177.7 million, an increase of 5.0% from $169.3 million in the prior-year period.

Mettler-Toledo's net earnings grew 14.1% from the prior-year period to $127.2 million, or $5.06 per share, from $111.5 million, or $4.31 per share.

For the third quarter, the company expects adjusted EPS in the range of $5.65 to $5.75.

Mettler-Toledo lifted its adjusted EPS guidance to between $22.60 and $22.75 for the full year 2019, compared to its previous outlook in the range of $22.55 to $22.75. The S&P Global Market Intelligence consensus normalized EPS estimate for the full year is $22.67.

For the third quarter, adjusted EPS is expected to be in the range of $5.65 to $5.75. The S&P Global Market Intelligence consensus normalized EPS estimate for the third quarter is $5.73.