Performance Food: Fiscal 1Q Earnings Snapshot
RICHMOND, Va. (AP) _ Performance Food Group Co. (PFGC) on Wednesday reported fiscal first-quarter earnings of $28.2 million.
On a per-share basis, the Richmond, Virginia-based company said it had net income of 27 cents. Earnings, adjusted for non-recurring costs, came to 34 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The food distributor posted revenue of $4.54 billion in the period.
Performance Food shares have dropped almost 10 percent since the beginning of the year. The stock has risen 6 percent in the last 12 months.