RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Performance Food Group Co. (PFGC) on Wednesday reported fiscal second-quarter earnings of…
RICHMOND, Va. (AP) — RICHMOND, Va. (AP) — Performance Food Group Co. (PFGC) on Wednesday reported fiscal second-quarter earnings of $42.4 million.
On a per-share basis, the Richmond, Virginia-based company said it had net income of 27 cents. Earnings, adjusted for one-time gains and costs, came to 98 cents per share.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share.
The food distributor posted revenue of $15.64 billion in the period, beating Street forecasts. Six analysts surveyed by Zacks expected $15.52 billion.
For the current quarter ending in March, Performance Food said it expects revenue in the range of $15.2 billion to $15.6 billion.
The company expects full-year revenue in the range of $63 billion to $64 billion.
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