Performance Food: Fiscal 2Q Earnings Snapshot

Performance Food: Fiscal 2Q Earnings Snapshot

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RICHMOND, Va. (AP) _ Performance Food Group Co. (PFGC) on Wednesday reported fiscal second-quarter net income of $43.1 million.

The Richmond, Virginia-based company said it had profit of 41 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to 46 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The food distributor posted revenue of $4.62 billion in the period.

Performance Food shares have increased 9.5 percent since the beginning of the year. The stock has risen 15 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PFGC at https://www.zacks.com/ap/PFGC

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