Sysco: Fiscal 4Q Earnings Snapshot
HOUSTON (AP) _ Sysco Corp. (SYY) on Monday reported fiscal fourth-quarter earnings of $535.8 million.
On a per-share basis, the Houston-based company said it had net income of $1.03. Earnings, adjusted for one-time gains and costs, came to $1.10 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The food distributor posted revenue of $15.47 billion in the period.
For the year, the company reported profit of $1.67 billion, or $3.20 per share. Revenue was reported as $60.11 billion.
Sysco shares have increased 12% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 16%. The stock has declined slightly in the last 12 months.