Investing.com - Sysco reported first quarter earnings that beat analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.98 on revenue of $15.3B. Analysts polled by Investing.com forecast EPS of $0.96 on revenue of $15.5B. That compared to EPS of $0.91 on revenue of $15.22B in the same period a year earlier. The company had reported EPS of $1.1 on revenue of $15.47B in the previous quarter.
Sysco shares lost 0.34% to trade at $81.00 in pre-market trade following the report.
For the year, Sysco shares are up 29.72%, outperforming the S&P 500 which is up 23.82% year to date.
Sysco follows other major Services sector earnings this month
On Thursday, October 24, 2019, Amazon.com reported third quarter EPS of $4.23 on revenue of $69.98B, compared to forecasts of EPS of $4.61 on revenue of $68.83B.
Alibaba ADR earnings beat analyst's expectations on Friday, with second quarter EPS of $13.1 on revenue of $119.02B. Investing.com analysts expected EPS of $10.75 on revenue of $116.96B
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