Vestis Corp (VSTS) revealed earnings for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $0.83 million, or $0.01 per share. This compares with $12.27 million, or $0.09 per share, last year.
Excluding items, Vestis Corp reported adjusted earnings of $18.1 million or $0.14 per share for the period.
Analysts on average had expected the company to earn $0.12 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 4.8% to $683.78 million from $717.92 million last year.
Vestis Corp earnings at a glance (GAAP) :
-Earnings: $0.83 Mln. vs. $12.27 Mln. last year.
-EPS: $0.01 vs. $0.09 last year.
-Revenue: $683.78 Mln vs. $717.92 Mln last year.
-Guidance:
Full year revenue guidance: $2.8 - $2.83 Bln
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