Categories AlphaGraphs, Consumer, Earnings
Infographic: Sysco (SYY) stock gains after Q1 numbers beat view
Sysco Corporation (NYSE: SYY), a leading distributor of food products, said its first-quarter sales and earnings decreased from last year. However, the company’s stock rallied early Tuesday, soon after the announcement, as the results were better than the outcome analysts had predicted.
September-quarter profit, adjusted for non-recurring items, dropped to $0.34 per share from $0.98 per share in the corresponding period of last year. Market watchers were looking for a faster decline. At $216.9 million or $0.42 per share, unadjusted profit was down 52% year-over-year.
The bottom-line was impacted by a 23% decrease in net sales to $11.8 billion, which, however, came in slightly above the consensus forecast.
Read management/analysts’ comments on Sysco’s Q1 2021 results
Shares of Sysco moved up about 5% on Tuesday mornings, after closing the previous session higher.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
