11:16 AM EDT, 05/10/2024 (MT Newswires) -- (Updates with the company's latest stock move in the headline and first paragraph.)

Mettler-Toledo International ( MTD ) shares jumped nearly 13% in recent Friday trading, a day after the company reported Q1 results that beat analysts' expectations.

The company 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%.

Price: 1457.53, Change: +167.11, Percent Change: +12.95