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JBT: 2Q Earnings Snapshot

July 29, 2019

CHICAGO (AP) _ John Bean Technologies Corp. (JBT) on Monday reported second-quarter net income of $33.7 million.

The Chicago-based company said it had net income of $1.05 per share. Earnings, adjusted for one-time gains and costs, came to $1.42 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The food processing and transportation services company posted revenue of $493.3 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $479.8 million.

For the current quarter ending in October, JBT expects its per-share earnings to range from $1.05 to $1.10.

The company expects full-year earnings in the range of $4.70 to $4.90 per share, with revenue ranging from $500 million to $510 million.

JBT shares have increased 69% since the beginning of the year. In the final minutes of trading on Monday, shares hit $121.48, a climb of almost 6% 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 JBT at https://www.zacks.com/ap/JBT

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