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.


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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