Sysco: Fiscal Q4 Earnings Snapshot

Associated Press Finance
1-min read
In this article:

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.

_____

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