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January 29, 2007
Sysco Earns 38 Cents a Share
That's in line with estimates:
Food-services provider Sysco Corp. said Monday fiscal second-quarter net income grew 16 percent, helped by business reviews of customers.
Quarterly earnings totaled $236.7 million, or 38 cents per share, from $204.2 million, or 33 cents per share during the same period last year.
Revenue grew 8 percent to $8.57 billion, from $7.97 billion last year.
Analysts polled by Thomson Financial expected net income of 38 cents per share on revenue of $8.6 billion.
Sysco said it conducted 10,000 business reviews at its U.S. broadline operations during the quarter, and sales to customers who participated in the business-review process were "solid."
Posted by edelfenbein at January 29, 2007 9:58 AM
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