AP NEWS

Middleby: 3Q Earnings Snapshot

November 7, 2018

ELGIN, Ill. (AP) _ The Middleby Corp. (MIDD) on Wednesday reported third-quarter net income of $72.9 million.

The Elgin, Illinois-based company said it had profit of $1.31 per share. Earnings, adjusted for restructuring costs, came to $1.56 per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.57 per share.

The food preparation equipment company posted revenue of $713.3 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $726.9 million.

Middleby shares have declined 16 percent since the beginning of the year. The stock has declined 5 percent 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

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