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ROSEMONT, Ill. (AP) — US Foods Holding Corp. on Thursday reported first-quarter net income of $115 million.
The Illinois-based company said it had net income of 49 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 68 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The company posted revenue of $9.35 billion in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $9.39 billion.
