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May 7, 2019, 6:59 a.m. EDT

Aramark misses earnings expectations

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By Chris Wack

Aramark /zigman2/quotes/204468030/composite ARMK +1.91% Tuesday reported second-quarter earnings that fell short of analysts' estimates.

The Philadelphia-based food, facilities management and uniforms provider reported a profit of $29.4 million, or 12 cents a share. Analysts polled by FactSet expected 39 cents a share.

On an adjusted basis, Aramark reported earnings of 45 cents a share. Analysts were expecting adjusted EPS of 49 cents.

Revenue came to $4 billion, Aramark said, coming up just short of the $4.01 billion analysts were targeting.

The company said it expects full-year adjusted per-share earnings of $2.20 to $2.30.

Write to Chris Wack at chris.wack@wsj.com

/zigman2/quotes/204468030/composite
US : U.S.: NYSE
$ 22.37
+0.42 +1.91%
Volume: 2.62M
July 6, 2020 4:01p
P/E Ratio
50.84
Dividend Yield
1.97%
Market Cap
$5.54 billion
Rev. per Employee
$58,637
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