Aramark: Fiscal 3Q Earnings Snapshot
Aug. 07, 2018
PHILADELPHIA (AP) _ Aramark Holdings Corp. (ARMK) on Tuesday reported fiscal third-quarter profit of $72.6 million.
On a per-share basis, the Philadelphia-based company said it had net income of 29 cents. Earnings, adjusted for one-time gains and costs, were 48 cents per share.
The results met Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 48 cents per share.
The provider of food, facilities and uniform services posted revenue of $3.97 billion in the period, exceeding Street forecasts. Nine analysts surveyed by Zacks expected $3.92 billion.
Aramark expects full-year earnings in the range of $2.20 to $2.30 per share.
Aramark shares have fallen 11 percent since the beginning of the year. The stock has declined 4 percent in the last 12 months.