RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Performance Food Group Co. (PFGC) on Wednesday reported fiscal fourth-quarter net income of $131.5 million.
The Richmond, Virginia-based company said it had profit of 84 cents per share. Earnings, adjusted for one-time gains and costs, were $1.55 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The food distributor posted revenue of $16.94 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $16.9 billion.
For the year, the company reported profit of $340.2 million, or $2.18 per share. Revenue was reported as $63.3 billion.
For the current quarter ending in September, Performance Food said it expects revenue in the range of $16.6 billion to $16.9 billion.
The company expects full-year revenue in the range of $67 billion to $68 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 PFGC at https://www.zacks.com/ap/PFGC
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