ARMK Reports Earnings Beat, Revenue Miss in Q1

Aramark Holdings Corp. (ARMK) posted earnings per share of 51 cents in its fiscal first quarter, exceeding analyst expectations of 48 cents. Revenue of $4.55 billion missed estimates of $4.61 billion.

Despite the revenue miss, Aramark's earnings benefited from cost and gain adjustments. The company reported a net income of 39 cents per share on a reported basis.

ARMK shares have gained 3% year-to-date and 29% over the past 12 months.