Sysco (NYSE:SYY) reported first quarter earnings that missed analyst's expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.91 on revenue of $15.22B. Analysts polled by forecast EPS of $0.92 on revenue of $15.4B. That compared to EPS of $0.74 on revenue of $14.42B in the same period a year earlier. The company had reported EPS of $0.94 on revenue of $15.3B in the previous quarter.
For the year, Sysco shares are up 17.39%, outperforming the S&P 500 which is up 1.47% year to date.
Sysco follows other major Services sector earnings this month
On October 25, Amazon.com (NASDAQ:AMZN) reported third quarter EPS of $5.75 on revenue of $56.58B, compared to forecasts of EPS of $3.08 on revenue of $57.11B.
Alibaba (NYSE:BABA) earnings missed analyst's expectations on Friday, with second quarter EPS of $1.4 on revenue of $12.4B. analysts expected EPS of $6.85 on revenue of $52,109M
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