04:55 PM EDT, 05/09/2024 (MT Newswires) -- Mettler-Toledo International ( MTD ) reported Q1 adjusted earnings late Thursday of $8.89 per diluted share, up from $8.69 a year earlier.

Analysts surveyed by Capital IQ expected $7.65.

Net sales for the quarter ended March 31 was $925.95 million, down from $928.74 million a year earlier.

Analysts surveyed by Capital IQ expected $880.2 million.

The company said it expects Q2 adjusted EPS of $8.90 to $9.05. Analysts surveyed by Capital IQ expect $9.36. It expects local currency sales for the quarter to decline about 4%.

The firm expects full-year 2024 adjusted EPS of $39.90 to $40.40, compared with $39.60 to $40.30 previously. Analysts expect $39.85. It expects local currency sales for the year to rise 2%, versus previous guidance of 1% to 2%.

Shares of the company rose 2% in after-hours trading.

Price: 1,316.28, Change: +25.86, Percent Change: +2.00