An investigation for investors in Mettler-Toledo International Inc. (NYSE: MTD) shares over potential securities laws violations by Mettler-Toledo International Inc. was announced.
San Diego, CA -- (SBWIRE) -- 10/08/2019 -- An investigation on behalf of investors of Mettler-Toledo International Inc. (NYSE: MTD) shares over potential securities laws violations by Mettler-Toledo International Inc.in connection with certain financial statements was announced.
Investors who purchased shares of Mettler-Toledo International Inc. (NYSE: MTD), have certain options and should contact the Shareholders Foundation at email@example.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Mettler-Toledo International Inc. (NYSE: MTD regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Columbus, OH Mettler-Toledo International Inc. manufactures and supplies precision instruments and services worldwide. Mettler-Toledo International Inc. reported that its annual Total Revenue rose from over $2.72 billion in 2017 to over $2.93 billion in 2018 and that its Net Income increased from $375.97 million in 2017 to $512.61 million in 2018.
On July 24, 2019, a report was published on Mettler-Toledo International Inc titled "Imprecise Earnings." The report asserted, in part, that the Company's "ability to never miss quarterly Wall St earnings estimates raises doubts about the quality of its financial statements." The report characterized Mettler-Toledo as "[r]un by secretive management in Switzerland, and with key U.S.-based financial, tax, and audit managers all having worked at current auditor PwC," and on this basis asserted that "adequate, independent questioning of its financial results are lacking."
Shares of Mettler-Toledo International Inc. (NYSE: MTD) declined from $873.51 per share in July 2019 to $638.92 per share on August 28, 2019.
Those who purchased shares of Mettler-Toledo International Inc. (NYSE: MTD) have certain options and should contact the Shareholders Foundation.
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