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Aramark profit misses consensus by 39.2% in fiscal Q2

Aramark Corp. said its normalized net income for the fiscal second quarter ended April 3 amounted to 21 cents per share, compared with the S&P Capital IQ consensus estimate of 35 cents per share.

EPS rose 161.2% year over year from 8 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $52.0 million, an increase of 164.0% from $19.7 million in the second quarter ended March 28, 2014.

The normalized profit margin increased to 1.4% from 0.6% in the year-earlier period.

Total revenue increased on an annual basis to $3.59 billion from $3.50 billion, and total operating expenses climbed from the prior-year period to $3.44 billion from $3.38 billion.

Reported net income rose 385.2% year over year to $59.0 million, or 24 cents per share, from $12.2 million, or 5 cents per share.