Mettler-Toledo International's stock plummeted 12.05% during intraday trading on Friday, following the company's release of its quarterly results and forward-looking guidance.

The medical equipment maker reported better-than-expected first-quarter results but provided a modest forecast for the second quarter, expecting local currency sales growth of about 3% and adjusted profit in the range of $10.70 to $10.85 per share. This guidance points to modest near-term demand trends, which has raised concerns among investors.

Analysts at Jefferies noted they "expect some weakness on the stock, given a muted path to upside with the lower first-half" outlook, contributing to the significant sell-off. Despite beating first-quarter revenue and profit estimates, the company's cautious forward guidance has overshadowed these positive results.