NEW PORT RICHEY, Fla. (AP) _ Welbilt Inc. (WBT) on Tuesday reported third-quarter earnings of $24.9 million.
The New Port Richey, Florida-based company said it had net income of 17 cents per share. Earnings, adjusted for non-recurring costs, came to 21 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The food and beverage equipment maker posted revenue of $411.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $388.7 million.
Welbilt expects full-year revenue of $1.48 billion.
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