ELGIN, Ill. (AP) — ELGIN, Ill. (AP) — The Middleby Corp. (MIDD) on Thursday reported third-quarter net income of $114.2 million.
On a per-share basis, the Elgin, Illinois-based company said it had net income of $2.11. Earnings, adjusted for one-time gains and costs, were $2.33 per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.47 per share.
The food preparation equipment company posted revenue of $942.8 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $997.3 million.
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