US Foods: Q4 Earnings Snapshot
ROSEMONT, Ill. (AP) — ROSEMONT, Ill. (AP) — US Foods Holding Corp. (USFD) on Thursday reported fourth-quarter net income of $147 million.
The Rosemont, Illinois-based company said it had net income of 59 cents per share. Earnings, adjusted for one-time gains and costs, came to 64 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The company posted revenue of $8.94 billion in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $8.81 billion.
For the year, the company reported profit of $506 million, or $2.02 per share. Revenue was reported as $35.6 billion.
US Foods expects full-year earnings in the range of $3 to $3.20 per share, with revenue in the range of $37.5 billion to $38.5 billion.
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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 USFD at https://www.zacks.com/ap/USFD
