AP NEWS

Aramark: Fiscal 4Q Earnings Snapshot

November 19, 2019

PHILADELPHIA (AP) _ Aramark Holdings Corp. (ARMK) on Tuesday reported fiscal fourth-quarter net income of $85.6 million.

The Philadelphia-based company said it had net income of 34 cents per share. Earnings, adjusted for one-time gains and costs, came to 68 cents per share.

The results missed Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The provider of food, facilities and uniform services posted revenue of $3.95 billion in the period, which topped Street forecasts. Eleven analysts surveyed by Zacks expected $3.94 billion.

For the year, the company reported profit of $448.5 million, or $1.78 per share. Revenue was reported as $16.23 billion.

Aramark shares have increased 51% since the beginning of the year. The stock has climbed 19% in the last 12 months.

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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