JBT: Q3 Earnings Snapshot

CHICAGO (AP) — CHICAGO (AP) — JBT Marel Corporation (JBTM) on Tuesday reported third-quarter earnings of $70 million.

On a per-share basis, the Chicago-based company said it had profit of $1.34. Earnings, adjusted for one-time gains and costs, came to $2.19 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.09 per share.

The food processing and transportation services company posted revenue of $994 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $1.03 billion.

JBT expects full-year earnings in the range of $8.10 to $8.40 per share.

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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