US Foods Holding Corp Q2 Profit Increases, beats estimates

(RTTNews) - US Foods Holding Corp (USFD) reported earnings for its second quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $182 million, or $0.73 per share. This compares with $61 million, or $0.27 per share, in last year's second quarter.

Excluding items, US Foods Holding Corp reported adjusted earnings of $199 million or $0.79 per share for the period.

Analysts on average had expected the company to earn $0.76 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.1% to $9.013 billion from $8.827 billion last year.

US Foods Holding Corp earnings at a glance (GAAP) :

-Earnings (Q2): $182 Mln. vs. $61 Mln. last year. -EPS (Q2): $0.73 vs. $0.27 last year. -Analyst Estimate: $0.76 -Revenue (Q2): $9.013 Bln vs. $8.827 Bln last year.