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Why Middleby Stock Just Popped 12%

TheMotleyFool

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Shares of Middleby Corporation (NASDAQ: MIDD) are up a strong 12.3% at 12:45 p.m. EDT after the maker of restaurant kitchen equipment reported second-quarter earnings this morning.

Analysts had forecast that Middleby would earn $0.41 per diluted share (adjusted) for the quarter on sales of $445.9 million. Instead, Middleby turned in a pro forma profit of $0.55 on sales of $472 million.

Image source: Getty Images.

Source Fool.com

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