Aramark Services (ARMK) Tops Q2 EPS by 1c, Withdraws Outlook
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/24/2026
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- Grand Canyon Education places CFO on leave amid stock trade probe
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Funds sell $44bn in semiconductors on AI concerns
- RUM Group signs $13.7 billion GPU services deal, issues warrants
Aramark Reports Second Quarter Earnings
May 5, 2020 6:30 AM EDTPerformance In Line with Preliminary Results Announced April 22, 2020
SUMMARY
Year-over-year GAAP Operating Income (Loss) and EPS includes a pre-tax non-cash goodwill impairment of $199 million in the reporting unit within the International segment that was identified as having undergone additional impairment testing in the Company's 2019 Form 10-K.
Quarterly results reflect initial impact of COVID-19.
Amended Debt Covenant and Increased Cash Availability in April Fully drew down $1 billion revolver in quarter and subsequently issued $1.5 billion of Senior Notes Amended secured debt covenant in credit facility... More