Investing.com - Sysco (NYSE:SYY) reported fourth quarter earnings that matched analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $-0.29 on revenue of $8.87B. Analysts polled by Investing.com anticipated EPS of $-0.29 on revenue of $9.56B. .
Sysco shares lost 2.23% to trade at $58.76 in intra-day trade following the report.
Sysco shares lost 2.23% to trade at $58.76 in intra-day trade following the report.
For the year, Sysco shares are down 31.31%, under-performing the S&P 500 which is up 4.24% year to date.
Sysco follows other major Services sector earnings this month
On Thursday, July 30, 2020, Amazon.com reported second quarter EPS of $10.3 on revenue of $88.91B, compared to forecasts of EPS of $1.48 on revenue of $81.45B.
Visa A earnings beat analyst's expectations on Tuesday, July 28, 2020, with third quarter EPS of $1.06 on revenue of $4.84B. Investing.com analysts expected EPS of $1.03 on revenue of $4.82B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar