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Middleby: 1Q Earnings Snapshot

ELGIN, Ill. (AP) _ The Middleby Corp. (MIDD) on Wednesday reported first-quarter net income of $69 million.

The Elgin, Illinois-based company said it had net income of $1.24 per share. Earnings, adjusted for non-recurring costs, were $1.38 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.

The food preparation equipment company posted revenue of $686.8 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $684.6 million.

Middleby shares have risen 33% since the beginning of the year. The stock has risen 6% in the last 12 months.


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