Aramark Q4 Adj EPS $0.64, Inline, Sales $4.90B Beat $4.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
Aramark (NYSE:ARMK) reported Q4 adjusted EPS of $0.64, meeting analyst estimates, and sales of $4.90B, surpassing the $4.79B forecast. This represents a 33.33% increase in earnings and an 11.66% increase in sales compared to the same period last year.
November 14, 2023 | 11:32 am
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POSITIVE IMPACT
Aramark's Q4 earnings matched expectations at $0.64 per share, and sales exceeded estimates at $4.90B, indicating strong performance and potential investor confidence.
Aramark's in-line earnings and better-than-expected sales figures suggest a robust financial performance, which is likely to instill investor confidence and could lead to a positive short-term impact on the stock price. The significant year-over-year growth in both earnings and sales further reinforces the positive outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100