PHILADELPHIA (AP) _ Aramark Holdings Corp. (ARMK) on Tuesday reported a fiscal third-quarter loss of $256.4 million, after reporting a profit in the same period a year earlier.
The Philadelphia-based company said it had a loss of $1.01 per share. Losses, adjusted for one-time gains and costs, came to 69 cents per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share.
The provider of food, facilities and uniform services posted revenue of $2.15 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $2.3 billion.
Aramark shares have decreased 52% since the beginning of the year. The stock has declined 41% in the last 12 months.