Investing.com - Sysco (NYSE:SYY) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.15 on revenue of $18.96B. Analysts polled by Investing.com expected EPS of $1.11 on revenue of $18.22B. .
Sysco shares lost 0.89% to trade at $85.97 in pre-market trade following the report.
For the year, Sysco shares are up 10.43%, outperforming the S&P 500 which is down 13.14% year to date.
Sysco follows other major Consumer Staples sector earnings this month
On Friday, July 29, 2022, Procter&Gamble reported fourth quarter EPS of $1.21 on revenue of $19.52B, compared to forecasts of EPS of $1.22 on revenue of $19.4B.
Nestle ADR earnings matched analyst's expectations on Thursday, July 28, 2022, with second quarter EPS of $2.18 on revenue of $24.41B. Investing.com analysts expected EPS of $2.18 on revenue of $23.59B
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