CHICAGO (AP) — CHICAGO (AP) — JBT Marel Corporation (JBTM) on Monday reported third-quarter profit of $66 million.
On a per-share basis, the Chicago-based company said it had net income of $1.26. Earnings, adjusted for one-time gains and costs, were $1.94 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.
The food processing and transportation services company posted revenue of $1 billion in the period.
JBT expects full-year earnings in the range of $6.10 to $6.40 per share, with revenue in the range of $3.76 billion to $3.79 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 JBTM at https://www.zacks.com/ap/JBTM
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