ROSEMONT, Ill. (AP) — ROSEMONT, Ill. (AP) — US Foods Holding Corp. (USFD) on Thursday reported first-quarter earnings of $82 million.
The Rosemont, Illinois-based company said it had profit of 32 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 50 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share.
The company posted revenue of $8.54 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $8.52 billion.
US Foods expects full-year earnings in the range of $2.45 to $2.65 per share.
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
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.