Sysco Corp. (NYSE:SYY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. Net income increased 14.4% to $286.12 million (49 cents per diluted share) in the quarter versus a net gain of $250.11 million in the year-earlier quarter. Revenue rose 5.42% to $10.8 billion from the year-earlier quarter.
Sysco Corp. reported adjusted net income of 49 cents per share. By that measure, the company beat the mean analyst estimate of $0.41. It beat the average revenue estimate of $10.7 billion.