ELGIN, Ill. (AP) 鈥� ELGIN, Ill. (AP) 鈥� The Middleby Corp. (MIDD) on Tuesday reported second-quarter earnings of $54.8 million.
On a per-share basis, the Elgin, Illinois-based company said it had net income of $1.21. Earnings, adjusted for one-time gains and costs, were $2.35 per share.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.
The food preparation equipment company posted revenue of $875.5 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $836.8 million.
For the current quarter ending in September, Middleby expects its per-share earnings to range from $1.67 to $1.83.
The company said it expects revenue in the range of $620 million to $640 million for the fiscal third quarter.
Middleby expects full-year earnings in the range of $6.73 to $6.89 per share, with revenue ranging from $2.48 billion to $2.53 billion.
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