Middleby: Q1 Earnings Snapshot
ELGIN, Ill. (AP) — ELGIN, Ill. (AP) — The Middleby Corp. (MIDD) on Wednesday reported first-quarter earnings of $99.1 million.
On a per-share basis, the Elgin, Illinois-based company said it had net income of $1.82. Earnings, adjusted for one-time gains and costs, came to $2.19 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.93 per share.
The food preparation equipment company posted revenue of $1.01 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $968 million.
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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
