Aramark Q2 Adj $0.29 Beats $0.27 Estimate, Sales $4.20B Miss $4.24B Estimate
Portfolio Pulse from Benzinga Newsdesk
Aramark (NYSE:ARMK) reported Q2 adjusted earnings of $0.29 per share, surpassing the $0.27 estimate, marking a 3.57% year-over-year increase. However, their $4.20B sales fell short of the $4.24B estimate, reflecting an 8.74% decrease from the previous year.
May 07, 2024 | 10:31 am
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Aramark's Q2 earnings exceeded expectations at $0.29/share against a $0.27 estimate, showing a 3.57% increase from last year. Sales of $4.20B missed the $4.24B estimate, a decrease of 8.74% year-over-year.
While Aramark's earnings per share beat may positively impact investor sentiment, the miss on sales forecasts and the significant year-over-year decrease could temper any potential stock price gains. The mixed results present a neutral short-term outlook.
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IMPORTANCE 90
RELEVANCE 100