ELGIN, Ill. (AP) — ELGIN, Ill. (AP) — The Middleby Corp. (MIDD) on Tuesday reported fourth-quarter net income of $76.3 million.

On a per-share basis, the Elgin, Illinois-based company said it had net income of $1.42. Earnings, adjusted for one-time gains and costs, came to $2.65 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.

The food preparation equipment company posted revenue of $1.01 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $1.02 billion.

For the year, the company reported profit of $400.9 million, or $7.41 per share. Revenue was reported as $4.04 billion.

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