Aramark Q3 2024 Adj. EPS $0.31 Beats $0.30 Estimate, Sales $4.376B Beat $4.312B Estimate
Portfolio Pulse from Benzinga Newsdesk
Aramark (NYSE:ARMK) reported Q3 2024 adjusted EPS of $0.31, beating the estimate of $0.30. Sales were $4.376 billion, also surpassing the $4.312 billion estimate. EPS increased by 121.43% year-over-year, while sales decreased by 7.85%.
August 06, 2024 | 10:35 am
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Aramark reported Q3 2024 adjusted EPS of $0.31, beating the estimate of $0.30. Sales were $4.376 billion, also surpassing the $4.312 billion estimate. EPS increased by 121.43% year-over-year, while sales decreased by 7.85%.
Aramark's Q3 2024 earnings report shows a positive EPS surprise and a significant year-over-year increase in EPS, which is likely to boost investor confidence. However, the decrease in sales compared to the same period last year may temper some of the enthusiasm. Overall, the positive earnings surprise and strong EPS growth are likely to have a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100