Aramark: Fiscal 3Q Earnings Snapshot

Associated Press
Updated ·1 min read

PHILADELPHIA (AP) _ Aramark Holdings Corp. (ARMK) on Tuesday reported a fiscal third-quarter loss of $256.4 million, after reporting a profit in the same period a year earlier.

The Philadelphia-based company said it had a loss of $1.01 per share. Losses, adjusted for one-time gains and costs, came to 69 cents per share.

The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share.

The provider of food, facilities and uniform services posted revenue of $2.15 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $2.3 billion.

Aramark shares have decreased 52% since the beginning of the year. The stock has declined 41% in the last 12 months.

_____

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