Investing.com - Sysco (NYSE:SYY) reported second quarter earnings that missed analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.57 on revenue of $16.32B. Analysts polled by Investing.com expected EPS of $0.7008 on revenue of $15.93B. .
Sysco shares lost 7.81% to trade at $73.68 in pre-market trade following the report.
Sysco shares lost 7.81% to trade at $73.68 in pre-market trade following the report.
For the year, Sysco shares are up 1.74%, outperforming the S&P 500 which is down 5.92% year to date.
Sysco follows other major Consumer Staples sector earnings this month
On Wednesday, January 19, 2022, Procter&Gamble reported second quarter EPS of $1.66 on revenue of $20.95B, compared to forecasts of EPS of $1.65 on revenue of $20.33B.
Estee Lauder earnings beat analyst's expectations on Thursday, with second quarter EPS of $3.01 on revenue of $5.54B. Investing.com analysts expected EPS of $2.63 on revenue of $5.49B
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