Investing.com - Sysco (NYSE:SYY) reported first quarter earnings that missed analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.83 on revenue of $16.5B. Analysts polled by Investing.com forecast EPS of $0.8578 on revenue of $15.85B. .
Sysco shares gained 0.90% to trade at $81.13 in pre-market trade following the report.
For the year, Sysco shares are up 8.28%, under-performing the S&P 500 which is up 25.18% year to date.
Sysco follows other major Consumer Staples sector earnings this month
On October 20, Nestle ADR reported third quarter EPS of $2.31 on revenue of $23.42B, compared to forecasts of EPS of $2.31 on revenue of $22.82B.
L’Oreal ADR earnings matched analyst's expectations on October 21, with third quarter EPS of $0.934 on revenue of $9.31B. Investing.com analysts expected EPS of $0.934 on revenue of $9.01B
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