CHICAGO (AP) — CHICAGO (AP) — John Bean Technologies Corp. (JBT) on Tuesday reported first-quarter earnings of $25.6 million.
The Chicago-based company said it had profit of 80 cents per share. Earnings, adjusted for one-time gains and costs, were 94 cents per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The food processing and transportation services company posted revenue of $529.5 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $507.8 million.
For the current quarter ending in June, JBT expects its per-share earnings to range from $1.10 to $1.25.
The company expects full-year earnings in the range of $5 to $5.50 per share.
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