JBT: 2Q Earnings Snapshot
CHICAGO (AP) _ John Bean Technologies Corp. (JBT) on Monday reported second-quarter profit of $32.5 million.
The Chicago-based company said it had profit of $1.01 per share. Earnings, adjusted for one-time gains and costs, came to $1.09 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The food processing and transportation services company posted revenue of $411.5 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $398.6 million.
JBT shares have declined 20% since the beginning of the year. In the final minutes of trading on Monday, shares hit $90.69, a fall of 26% in the last 12 months.
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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 JBT at https://www.zacks.com/ap/JBT