Aramark Q1 Profit Increases, Beats Estimates

(RTTNews) - Aramark (ARMK) revealed earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $105.62 million, or $0.39 per share. This compares with $28.54 million, or $0.11 per share, last year.

Excluding items, Aramark reported adjusted earnings of $136.93 million or $0.51 per share for the period.

Analysts on average had expected the company to earn $0.49 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 3.3% to $4.552 billion from $4.408 billion last year.

Aramark earnings at a glance (GAAP) :

-Earnings: $105.62 Mln. vs. $28.54 Mln. last year. -EPS: $0.39 vs. $0.11 last year. -Revenue: $4.552 Bln vs. $4.408 Bln last year.