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Sysco Corp. Q4 adjusted earnings Beat Estimates

(RTTNews) - Sysco Corp. (SYY) announced earnings for its fourth quarter that rose from the same period last year.

The company's bottom line totaled $535.77 million, or $1.03 per share. This compares with $448.93 million, or $0.85 per share, in last year's fourth quarter.

Excluding items, Sysco Corp. reported adjusted earnings of $572.97 million or $1.10 per share for the period.

Analysts had expected the company to earn $1.06 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.0% to $15.47 billion from $15.32 billion last year.

Sysco Corp. earnings at a glance:

-Earnings (Q4): $572.97 Mln. vs. $497.87 Mln. last year.
-EPS (Q4): $1.10 vs. $0.94 last year.
-Analysts Estimate: $1.06
-Revenue (Q4): $15.47 Bln vs. $15.32 Bln last year.
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