Newz(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. _____ 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 Source
DUBLIN, Ohio (AP) — DUBLIN, Ohio (AP) — Cardinal Health Inc. (CAH) on Tuesday reported fiscal fourth-quarter net income of $398 million. The Dublin, Ohio-based company said it had net income of $1.69 per share.
Earnings, adjusted for asset impairment costs and amortization costs, came to $2.91 per share. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.42 per share. The prescription drug distributor posted revenue of $63.67 billion in the period, which missed Street forecasts.
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