Investing.com - Sysco (NYSE:SYY) reported third quarter earnings that beat analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.79 on revenue of $14.66B. Analysts polled by Investing.com forecast EPS of $0.7 on revenue of $14.77B. That compared to EPS of $0.67 on revenue of $14.35B in the same period a year earlier. The company had reported EPS of $0.75 on revenue of $14.77B in the previous quarter.
Sysco shares gained 0.20% to trade at $70.66 in pre-market trade following the report.
Sysco shares gained 0.20% to trade at $70.66 in pre-market trade following the report.
For the year, Sysco shares are up 12.54%, under-performing the S&P 500 which is up 18.92% year to date.
Sysco follows other major Services sector earnings this month
On Thursday, April 25, 2019, Amazon.com reported first quarter EPS of $7.09 on revenue of $59.7B, compared to forecasts of EPS of $4.7 on revenue of $59.68B.
Visa A earnings beat analyst's expectations on Wednesday, April 24, 2019, with second quarter EPS of $1.31 on revenue of $5.49B. Investing.com analysts expected EPS of $1.24 on revenue of $5.46B
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