01.08.2023 14:29:33 - dpa-AFX: Sysco Corp. Q4 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Sysco Corp. (SYY) released earnings for its fourth
quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $733.736 million, or $1.44 per share. This
compares with $509.989 million, or $0.99 per share, in last year's fourth
quarter.
Excluding items, Sysco Corp. reported adjusted earnings of $683.208 million or
$1.34 per share for the period.
Analysts on average had expected the company to earn $1.33 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 4.1% to $19.728 billion from $18.957
billion last year.
Sysco Corp. earnings at a glance (GAAP) :
-Earnings (Q4): $733.736 Mln. vs. $509.989 Mln. last year.
-EPS (Q4): $1.44 vs. $0.99 last year.
-Analyst Estimate: $1.33
-Revenue (Q4): $19.728 Bln vs. $18.957 Bln last year.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX