Sysco: Fiscal Q2 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Sysco Corp. (SYY) on Tuesday reported fiscal second-quarter earnings of $415.2 million.
On a per-share basis, the Houston-based company said it had net income of 82 cents. Earnings, adjusted for one-time gains and costs, were 89 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share.
The food distributor posted revenue of $19.29 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $19.3 billion.
Sysco expects full-year earnings in the range of $4.20 to $4.40 per share.
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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
