Sysco: Fiscal Q4 Earnings Snapshot
HOUSTON (AP) — HOUSTON (AP) — Sysco Corp. (SYY) on Tuesday reported fiscal fourth-quarter profit of $612 million.
On a per-share basis, the Houston-based company said it had net income of $1.23. Earnings, adjusted for one-time gains and costs, were $1.39 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The food distributor posted revenue of $20.56 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $20.51 billion.
For the year, the company reported profit of $1.96 billion, or $3.89 per share. Revenue was reported as $78.84 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