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JBT: Q3 Earnings Snapshot
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CHICAGO (AP) — CHICAGO (AP) — JBT Marel Corporation (JBTM) on Tuesday reported third-quarter earnings of $70 million.

On a per-share basis, the Chicago-based company said it had profit of $1.34. Earnings, adjusted for one-time gains and costs, came to $2.19 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.

The food processing and transportation services company posted revenue of $994 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.03 billion.

JBT expects full-year earnings in the range of $8.10 to $8.40 per share.

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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 JBTM at https://www.zacks.com/ap/JBTM

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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