Sysco: Fiscal Q1 Earnings Snapshot
By AP News
Published - Oct 29, 2024, 08:10 AM ET
Last Updated - Dec 16, 2024, 05:54 PM EST
HOUSTON (AP) — HOUSTON (AP) — Sysco Corp. (SYY) on Tuesday reported fiscal first-quarter earnings of $490 million.
The Houston-based company said it had net income of 99 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.09 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The food distributor posted revenue of $20.48 billion in the period, beating Street forecasts. Seven analysts surveyed by Zacks expected $20.45 billion.
