Investing.com - Sysco (NYSE:SYY) reported first quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.34 on revenue of $11.78B. Analysts polled by Investing.com anticipated EPS of $0.23 on revenue of $11.72B. .
Sysco shares gained 5.39% to trade at $60.17 in pre-market trade following the report.
For the year, Sysco shares are down 33.26%, under-performing the S&P 500 which is up 2.46% year to date.
Sysco follows other major Services sector earnings this month
On Thursday, Amazon.com reported third quarter EPS of $12.37 on revenue of $96.15B, compared to forecasts of EPS of $7.41 on revenue of $92.78B.
Visa A earnings beat analyst's expectations on October 28, with fourth quarter EPS of $1.12 on revenue of $5.1B. Investing.com analysts expected EPS of $1.09 on revenue of $5B
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