CHICAGO (AP) _ John Bean Technologies Corp. (JBT) on Tuesday reported second-quarter earnings of $30.5 million.

The Chicago-based company said it had net income of 95 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, came to $1.19 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

The food processing and transportation services company posted revenue of $475.5 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $452.7 million.

JBT expects full-year earnings in the range of $4.60 to $4.80 per share.

JBT shares have increased 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $134.80, a climb of 49% 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

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News