Aramark (NYSE:ARMK) shares climbed Tuesday after the food and facilities services provider posted a modest earnings beat and stronger-than-expected revenue.
Management pointed to robust new business momentum and record client retention while reiterating its full-year outlook.
• Aramark stock is charging ahead with explosive momentum. What’s behind ARMK gains?
Quarterly Metrics
The company reported first-quarter adjusted earnings per share of 51 cents, beating the analyst consensus estimate of 50 cents. Quarterly sales of $4.832 billion (+6% year over year) outpaced the Street view …