AP NEWS

Middleby: 3Q Earnings Snapshot

November 6, 2019

ELGIN, Ill. (AP) _ The Middleby Corp. (MIDD) on Wednesday reported third-quarter earnings of $82 million.

The Elgin, Illinois-based company said it had profit of $1.47 per share. Earnings, adjusted for one-time gains and costs, came to $1.72 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

The food preparation equipment company posted revenue of $724 million in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $762.3 million.

Middleby shares have increased 21% since the beginning of the year. The stock has increased 11% in the last 12 months.

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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