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Sysco: Fiscal Q1 Earnings Snapshot
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HOUSTON (AP) — HOUSTON (AP) — Sysco Corp. (SYY) on Tuesday reported fiscal first-quarter profit of $526 million.

On a per-share basis, the Houston-based company said it had profit of $1.09. Earnings, adjusted for one-time gains and costs, were $1.19 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The food distributor posted revenue of $21.74 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $22.19 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYY at https://www.zacks.com/ap/SYY

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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