Investing.com - Sysco (NYSE:SYY) reported third quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.45 on revenue of $13.70B. Analysts polled by Investing.com anticipated EPS of $0.61 on revenue of $14.29B. That compared to EPS of $0.79 on revenue of $14.66B in the same period a year earlier. The company had reported EPS of $0.85 on revenue of $15.03B in the previous quarter.
Sysco shares lost 1.54% to trade at $53.00 in pre-market trade following the report.
Sysco shares lost 1.54% to trade at $53.00 in pre-market trade following the report.
For the year, Sysco shares are down 37.07%, under-performing the S&P 500 which is down 12.39% year to date.
Sysco follows other major Services sector earnings this month
On Thursday, Amazon.com reported first quarter EPS of $5.01 on revenue of $75.45B, compared to forecasts of EPS of $6.16 on revenue of $73.74B.
Visa A earnings beat analyst's expectations on Thursday, with second quarter EPS of $1.39 on revenue of $5.85B. Investing.com analysts expected EPS of $1.34 on revenue of $5.72B
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