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Sysco Corporation Stock Jumps 10% Despite Y-o-Y Profit Dip

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Sysco Corp. (SYY) shares surged 9.68 percent, or $7.32, to $82.95 on Tuesday after the food distributor reported second-quarter earnings that declined slightly from last year, while revenue posted steady growth. The company reported net income of $389 million, or $0.81 per share, compared with $406 million, or $0.82 per share, a year earlier.

The stock opened higher at $78.92 versus a previous close of $75.63 and traded between $77.32 and $83.42 during the session on the New York Stock Exchange. At last check, shares were bid at $82.88 and offered at $82.94. Trading volume reached about 6.01 million shares, above the average volume of roughly 3.30 million.

Sysco has traded within a 52-week range of $67.12 to $83.47.

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