Sysco: Fiscal Q1 Earnings Snapshot

Associated Press Finance
1 min read
0
In this article:

HOUSTON (AP) — HOUSTON (AP) — Sysco Corp. (SYY) on Tuesday reported fiscal first-quarter earnings of $503.4 million.

The Houston-based company said it had net income of 99 cents per share. Earnings, adjusted for one-time gains and costs, were $1.07 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The food distributor posted revenue of $19.62 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $19.69 billion.

Sysco expects full-year earnings in the range of $4.20 to $4.40 per share.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYY at https://www.zacks.com/ap/SYY

Advertisement

Recommended Stories