** Shares of medical equipment maker Mettler-Toledo International MTD.N plummet 11.1% to $1,172.58

** Co on Thursday said it expects Q2 local currency sales growth of about 3% and adj. profit of $10.70-$10.85 per share, pointing to modest near-term demand trends

** Reported Q1 adj. profit of $8.91 per share, above analysts' average estimate of $8.70 - LSEG-compiled data

** Quarterly revenue of $947 million beats analysts' average expectation of $941.8 million

** Analysts at Jefferies say they "expect some weakness on the stock, given a muted path to upside with the lower first-half"

** Including session's move, stock down ~16% YTD