Middleby: Q3 Earnings Snapshot
ELGIN, Ill. (AP) — ELGIN, Ill. (AP) — The Middleby Corp. (MIDD) on Wednesday reported third-quarter earnings of $108.7 million.
The Elgin, Illinois-based company said it had profit of $2.01 per share. Earnings, adjusted for one-time gains and costs, were $2.35 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.
The food preparation equipment company posted revenue of $980.7 million in the period, falling short of Street forecasts. Six analysts surveyed by Zacks expected $1.02 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MIDD at https://www.zacks.com/ap/MIDD