AP NEWS

Middleby: 2Q Earnings Snapshot

August 8, 2018

ELGIN, Ill. (AP) _ The Middleby Corp. (MIDD) on Wednesday reported second-quarter profit of $84 million.

The Elgin, Illinois-based company said it had net income of $1.51 per share. Earnings, adjusted for non-recurring costs, came to $1.63 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.

The food preparation equipment company posted revenue of $668.1 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $651.4 million.

Middleby shares have decreased 22 percent since the beginning of the year. The stock has decreased 19 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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