Investing.com - Sysco (NYSE:SYY) reported fourth quarter earnings that beat analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.1 on revenue of $15.47B. Analysts polled by Investing.com expected EPS of $1.06 on revenue of $15.64B. That compared to EPS of $0.94 on revenue of $15.3B in the same period a year earlier. The company had reported EPS of $0.79 on revenue of $14.66B in the previous quarter.
Sysco shares gained 1.70% to trade at $71.20 in pre-market trade following the report.
Sysco shares gained 1.70% to trade at $71.20 in pre-market trade following the report.
For the year, Sysco shares are up 11.73%, under-performing the S&P 500 which is up 17.83% year to date.
Sysco follows other major Services sector earnings this month
On Thursday, July 25, 2019, Amazon.com reported second quarter EPS of $5.22 on revenue of $63.4B, compared to forecasts of EPS of $5.56 on revenue of $62.52B.
Visa A earnings beat analyst's expectations on Tuesday, July 23, 2019, with third quarter EPS of $1.37 on revenue of $5.84B. Investing.com analysts expected EPS of $1.32 on revenue of $5.7B
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