US Foods Q2 Adj. EPS $0.79 Beats $0.76 Estimate, Sales $9.01B Miss $9.34B Estimate
Portfolio Pulse from Benzinga Newsdesk
US Foods Hldg (NYSE:USFD) reported Q2 earnings of $0.79 per share, beating the analyst consensus estimate of $0.76 by 3.95%. However, the company's quarterly sales of $9.01 billion missed the analyst consensus estimate of $9.34 billion by 3.50%.
August 10, 2023 | 10:47 am
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NEUTRAL IMPACT
US Foods Hldg's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
US Foods Hldg's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These two factors could offset each other, leading to a neutral impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100