NEW YORK (TheStreet) -- Shares of Aramark (ARMK) - Get Report were rising in pre-market trading on Wednesday after the company posted better-than-expected results for the 2016 third quarter.

Before today's opening bell, the Philadelphia-based company reported adjusted earnings of 34 cents per share, above analysts' projections of 32 cents per share.

Revenue for the quarter was $3.6 billion, while analysts were expecting $3.58 billion.

For 2016, Aramark forecasts earnings per share between $1.65 and $1.75 per share. Analysts are modeling earnings of $1.69 per share.

"We are pleased to report another quarter of strong, broad-based performance across all of our sectors and geographies," CEO Eric Foss said in a statement.

"Despite ongoing volatility in the macro environment, our focused strategy is driving top line growth, notable margin expansion and profitability improvement," he added.

The company provides food services, facilities and uniform services to hospitals, universities, school districts, stadiums and other businesses.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.

The company's strengths can be seen in multiple areas, such as its growth in earnings per share, good cash flow from operations, solid stock price performance and increase in net income.

The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: ARMK

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