logo
Share SHARE
FONT-SIZE Plus   Neg

Sysco Q2 Profit Down - Quick Facts

Sysco Corp. (SYY) reported that its second-quarter net earnings declined to $250.11 million or $0.43 per share, from $258.17 million or $0.44 per share in the same quarter last year. However, Non-GAAP net income rose to $0.46 per share from $0.45 per share in the year ago quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter rose to $10.24 billion from $9.38 billion in the prior year quarter. Nine analysts had consensus revenue estimate of $10.04 billion for the quarter.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Chocolate company Hershey Co. said it will increase the visibility of nutrition information and portion options of its snacks as well as reduce the sweets' calorie count. The move is part of the company's ongoing efforts to offer a broad range of snacks and clear information in response to feedback from consumers, who are shifting to healthier foods. The Coca-Cola Company (KO) reported a profit for the first-quarter of 2017 that declined 20 percent from the prior year. Net revenues declined 11%, reflecting unfavorable impacts from structural changes of 10% and foreign currency of 1%. The company remains on track to deliver its underlying revenue and profit targets for the full year. Eli Lilly and Co. (LLY) reported a loss for the first quarter of 2017 compared to profit in the prior year, primarily hurt by lower operating income, partially offset by higher other income. But, quarterly revenue increased 7 percent, driven by 9 percent pharmaceutical volume growth from Trulicity, Taltz and other new products.
comments powered by Disqus
Follow RTT