UPDATE: Sysco Posts Lower Q3 Profit

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Sysco
SYY
reported a decline in its third-quarter profit. Sysco's quarterly profit dropped to $201 million, or $0.34 per share, versus $260 million, or $0.44 per share, in the year-ago period. Its adjusted earnings came in at $0.40 per share. Its revenue climbed to $10.93 billion from $10.50 billion. However, analysts were projecting earnings of $0.44 per share on revenue of $11.09 billion. Sysco shares closed at $34.66 on Friday.
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Posted In: EarningsNewsprofit
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