Sysco Corp. (SYY) reported first quarter adjusted earnings per share of $0.34 compared to $0.98, a year ago. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.24, for the quarter. Analysts' estimates typically exclude special items. Adjusted operating income decreased 50.8% to $364.7 million.

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Sysco Corp. (SYY) reported first quarter adjusted earnings per share of $0.34 compared to $0.98, a year ago. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.24, for the quarter. Analysts' estimates typically exclude special items. Adjusted operating income decreased 50.8% to $364.7 million.

RTTNews | Nov 3, 2020 08:45AM EST

08:44 Tuesday, November 3, 2020 (RTTNews.com) - Sysco Corp. (SYY) reported first quarter adjusted earnings per share of $0.34 compared to $0.98, a year ago. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.24, for the quarter. Analysts' estimates typically exclude special items. Adjusted operating income decreased 50.8% to $364.7 million.

First quarter sales decreased 23.0% to $11.8 billion. Analysts expected revenue of $11.75 billion, for the quarter.

Shares of Sysco Corp. were up 5% in pre-market trade on Tuesday.

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