Aramark: Fiscal 3Q Earnings Snapshot
PHILADELPHIA (AP) _ Aramark Holdings Corp. (ARMK) on Tuesday reported fiscal third-quarter earnings of $83 million.
The Philadelphia-based company said it had net income of 33 cents per share. Earnings, adjusted for non-recurring costs, were 47 cents per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.
The provider of food, facilities and uniform services posted revenue of $4.01 billion in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $3.99 billion.
Aramark expects full-year earnings in the range of $2.20 to $2.30 per share.
Aramark shares have climbed 20% since the beginning of the year. The stock has decreased 9% in the last 12 months.