In This Article:
ELGIN, Ill. (AP) — ELGIN, Ill. (AP) — The Middleby Corp. (MIDD) on Wednesday reported first-quarter earnings of $92.4 million.
On a per-share basis, the Elgin, Illinois-based company said it had net income of $1.69. Earnings, adjusted for one-time gains and costs, were $2.08 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The food preparation equipment company posted revenue of $906.6 million in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $941.1 million.
_____
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