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Sysco: Fiscal 4Q Earnings Snapshot

August 12, 2019

HOUSTON (AP) _ Sysco Corp. (SYY) on Monday reported fiscal fourth-quarter earnings of $535.8 million.

On a per-share basis, the Houston-based company said it had net income of $1.03. Earnings, adjusted for one-time gains and costs, came to $1.10 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The food distributor posted revenue of $15.47 billion in the period.

For the year, the company reported profit of $1.67 billion, or $3.20 per share. Revenue was reported as $60.11 billion.

Sysco shares have increased 12% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 16%. The stock has declined slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYY at https://www.zacks.com/ap/SYY

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