Aramark (NYSE:ARMK) shares surged Tuesday after the company reported fiscal second-quarter results that topped Wall Street expectations, fueled by broad-based business growth across regions and sectors. The company also pointed to growing momentum in the hyperscale AI data center market and reaffirmed its full-year outlook.
Aramark Revenue Growth Accelerates
Aramark reported adjusted earnings of 49 cents per share, beating analysts’ consensus estimate of 47 cents per share. Revenue rose 15% year over year to $4.91 billion, ahead of the Street estimate of $4.76 billion. The company drove growth through net new business wins and expansion across its base business portfolio.
The company said foreign currency translation added about $101 million to quarterly revenue.
Food and Support Services United States revenue increased 12% from a year earlier. Food …