CHICAGO (AP) _ John Bean Technologies Corp. (JBT) on Wednesday reported fourth-quarter earnings of $42.1 million.

On a per-share basis, the Chicago-based company said it had profit of $1.31. Earnings, adjusted for non-recurring costs, were $1.50 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.39 per share.

The food processing and transportation services company posted revenue of $545.5 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $530.4 million.

For the year, the company reported profit of $129 million, or $4.02 per share. Revenue was reported as $1.95 billion.

For the current quarter ending in April, JBT expects its per-share earnings to range from 75 cents to 80 cents.

The company said it expects revenue in the range of $440 million to $445 million for the fiscal first quarter.

JBT expects full-year earnings in the range of $5.15 to $5.35 per share.

JBT shares have decreased 2.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $109.89, an increase of 26% in the last 12 months.

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

Automated Insights, source Associated Press News