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Middleby: Q3 Earnings Snapshot
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ELGIN, Ill. (AP) — ELGIN, Ill. (AP) — The Middleby Corp. (MIDD) on Thursday reported a loss of $1.6 million in its third quarter.

On a per-share basis, the Elgin, Illinois-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, came to $2.07 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The food preparation equipment company posted revenue of $652.6 million in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $633 million.

For the current quarter ending in December, Middleby expects its per-share earnings to range from $1.76 to $1.92.

The company said it expects revenue in the range of $621 million to $635 million for the fiscal fourth quarter.

Middleby expects full-year earnings in the range of $7.13 to $7.29 per share, with revenue ranging from $2.52 billion to $2.53 billion.

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

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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