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Sysco Corp. Q1 adjusted earnings Miss Estimates

Sysco Corp. (SYY) revealed earnings for its first quarter that increased from last year.

The company's bottom line came in at $378.01 million, or $0.73 per share. This compares with $216.90 million, or $0.42 per share, in last year's first quarter.

Excluding items, Sysco Corp. reported adjusted earnings of $429.92 million or $0.83 per share for the period.

Analysts had expected the company to earn $0.86 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 39.7% to $16.46 billion from $11.78 billion last year.

Sysco Corp. earnings at a glance:

-Earnings (Q1): $429.92 Mln. vs. $173.45 Mln. last year.
-EPS (Q1): $0.83 vs. $0.34 last year.
-Analysts Estimate: $0.86
-Revenue (Q1): $16.46 Bln vs. $11.78 Bln last year.

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