Core-Mark Holding (CORE) Tops Q3 EPS by 18c, Revenues Miss; Lifts FY18 EPS Outlook, Lowers FY18 Revenue Guidance

Core-Mark Holding (NASDAQ: CORE) reported Q3 EPS of $0.63, $0.18 better than the analyst estimate of $0.45. Revenue for the quarter came in at $4.27 billion versus the consensus estimate of $4.46 billion.

“Our third quarter profitability was strong as we were able to expand margins, capitalize on a significant holding gain opportunity and leverage our operating expenses despite flat sales. We continue to benefit from our ability to grow same store sales and gain market share wins with the independent store base while building a pipeline of new larger market share opportunities,” said Scott McPherson, President and Chief Executive Officer. “Looking ahead we are focused on our core strategic objectives: growing sales and margins faster than the industry, expanding our leadership position in category management solutions and leveraging costs to drive profitable growth.

GUIDANCE:

Core-Mark Holding sees FY2018 EPS of $1.31-$1.14, versus the consensus of $1.25. Core-Mark Holding sees FY2018 revenue of $16.2-16.4 billion, versus the consensus of $16.7 billion.

For earnings history and earnings-related data on Core-Mark Holding (CORE) click here.

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