Middleby (MIDD) reported Q3 adjusted net earnings Thursday of $2.33 per diluted share, down from $2.37 a year earlier.

Analysts polled by Capital IQ expected $2.48.

Net sales for the quarter ended Sept. 30 were $942.8 million, down from $980.7 million a year earlier.

Analysts surveyed by Capital IQ expected $996.6 million.

Middleby shares were more than 9% lower in early trading.