Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Sysco Shares Rise on Earnings Beat

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/12/2019 | 11:53am EDT

By Patrick Thomas

Sysco Corp. (SYY) shares rose 3.6% to $72.54 after it reported better-than-expected fourth-quarter earnings Monday.

The Houston-based food-service company posted a profit of $535.8 million, or $1.03 a share, compared with $448.9 million, or 85 cents a share, a year earlier.

The company reported adjusted earnings of $1.10 a share, above the $1.06 analysts polled by FactSet were expecting. Revenue rose 1% to $15.47 billion.

Analysts at BMO Capital Markets raised their price target to $80 a share and gave the stock an outperform rating.

Write to Patrick Thomas at patrick.thomas@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
JOHNSON MATTHEY PLC 0.58% 3125 Delayed Quote.11.47%
SYSCO CORPORATION 0.61% 78.86 Delayed Quote.25.09%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
04:27pIndustrials, Transports Down After FedEx Warning - Industrials Roundup
DJ
04:27pMARKET SNAPSHOT: U.S. Stocks Close Mixed After Fed Cuts Rates But Casts Doubt On Future Stimulus
DJ
04:25pYemen's Houthis threaten to attack United Arab Emirates targets
RE
04:24pMaterials Flat After Fed Policy Statement -- Materials Roundup
DJ
04:22pN.Y. Fed to hold repo operation Thursday
RE
04:22pFed cuts rates again, gives mixed signals for next move
RE
04:22pST FRANCIS XAVIER UNIVERSITY : StFX celebrates grand opening of The Brian Mulroney Institute of Government and Mulroney Hall
PU
04:21pEnergy Down After Increase in Oil Inventories - Energy Roundup
DJ
04:16pINSTANT VIEW : Fed cuts rates again, gives mixed signals for next move
RE
04:16pNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
Latest news "Economy & Forex"