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Aramark Swings to Adjusted Loss in Fiscal Q2 as Revenue Shrinks

05/11/2021 03:10

07:03 AM EDT, 05/11/2021 (MT Newswires) -- Aramark (ARMK) said Tuesday that it swung to a fiscal Q2 adjusted loss of $0.24 per share from earnings of $0.26 per share a year ago. Analysts polled by Capital IQ expected a loss of $0.34 per share.

Revenue totaled $2.82 billion, down from $3.73 billion a year ago. The Street estimate was $2.75 billion.

Looking ahead, the company expects to record organic revenue improvement over the course of the fiscal year.

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