Investing.com - Sysco (NYSE:SYY) reported first quarter earnings that missed analyst's expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.91 on revenue of $15.22B. Analysts polled by Investing.com expected EPS of $0.92 on revenue of $15.4B. That compared to EPS of $0.74 on revenue of $14.42B in the same period a year earlier. The company had reported EPS of $0.94 on revenue of $15.3B in the previous quarter.
Sysco shares lost 6.02% to trade at $67.00 in pre-market trade following the report.
For the year, Sysco shares are up 17.39%, outperforming the S&P 500 which is up 1.47% year to date.
Sysco follows other major Services sector earnings this month
On Thursday, October 25, 2018, Amazon.com (NASDAQ:AMZN) reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Alibaba (NYSE:BABA) earnings missed analyst's expectations on Friday, with second quarter EPS of $1.4 on revenue of $12.4B. Investing.com analysts expected EPS of $6.85 on revenue of $52,109M
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar