CHICAGO (AP) — CHICAGO (AP) — JBT Marel Corporation (JBTM) on Monday reported second-quarter earnings of $28 million.
On a per-share basis, the Chicago-based company said it had net income of 54 cents. Earnings, adjusted for one-time gains and costs, came to $1.95 per share.
The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share.
The food processing and transportation services company posted revenue of $981 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $988.4 million.
JBT expects full-year earnings in the range of $7.85 to $8.35 per share, with revenue in the range of $3.99 billion to $4.07 billion.
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