Middleby: Q1 Earnings Snapshot
ELGIN, Ill. (AP) _ The Middleby Corp. (MIDD) on Tuesday reported first-quarter profit of $85.8 million.
On a per-share basis, the Elgin, Illinois-based company said it had net income of $1.52. Earnings, adjusted for one-time gains and costs, were $2.13 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The food preparation equipment company posted revenue of $994.7 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $931.6 million.