Investing.com - US Foods reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
US Foods announced earnings per share of $0.60 on revenue of $8.9B. Analysts polled by Investing.com anticipated EPS of $0.61 on revenue of $8.72B.
US Foods shares are down 23.1% from the beginning of the year and are trading at $29.72 , down-from-52-week-high.
US Foods follows other major Consumer Staples sector earnings this month
US Foods's report follows an earnings beat by Procter&Gamble on October 19, who reported EPS of $1.57 on revenue of $20.61B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on October 25 with third quarter EPS of $0.69 on revenue of $11.06B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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