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Welbilt: 1Q Earnings Snapshot

Associated Press
Updated ·1-min read

NEW PORT RICHEY, Fla. (AP) _ Welbilt Inc. (WBT) on Tuesday reported a loss of $15.1 million in its first quarter.

On a per-share basis, the New Port Richey, Florida-based company said it had a loss of 11 cents. Earnings, adjusted for one-time gains and costs, were 1 cent per share.

The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share.

The food and beverage equipment maker posted revenue of $328.9 million in the period.

The company's shares closed at $4.76. A year ago, they were trading at $16.61.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WBT at https://www.zacks.com/ap/WBT