Why Sysco Shares Are Trading Higher Tuesday
Sysco (NYSE: SYY) shares moved higher on Tuesday after the company reported better-than-expected Q4 results. Sysco reported fourth-quarter FY21 sales growth of 82% year-over-year, to $16.1 billion, beating the analyst consensus of $14.23 billion.
Mid-Afternoon Market Update: 3D Systems Surges On Upbeat Earnings; Katapult Shares Drop
Toward the end of trading Tuesday, the Dow traded up 0.49% to 35,274.95 while the NASDAQ fell 0.41% to 14,799.03. The S&P also rose, gaining 0.18% to 4,440.12.
Sysco Stock Gains On Strong Q4, Raised FY22 EPS Outlook
Sysco Corp (NYSE:SYY) reported fourth-quarter FY21 sales growth of 82% year-on-year, to $16.14 billion, beating the analyst consensus of $14.23 billion.…
Mid-Day Market Update: Crude Oil Rises Over 3%; comScore Shares Plummet
Midway through trading Tuesday, the Dow traded up 0.37% to 35,231.28 while the NASDAQ fell 0.62% to 14,767.78. The S&P also fell, dropping 0.01% to 4,432.24.
Mid-Morning Market Update: Markets Open Higher; Sysco Tops Q4 Views
Following the market opening Tuesday, the Dow traded up 0.47% to 35,266.74 while the NASDAQ rose 0.04% to 14,866.20. The S&P also rose, gaining 0.28% to 4,444.54.
This Week’s Earnings Repertoire
With over 87% of S&P 500 companies already having beaten revenue and profit expectations, we're in for another round of Q2 corporate earnings, along with key jobs and inflation data.
Recap: Sysco Q4 Earnings
Shares of Sysco (NYSE:SYY) moved higher by 3.3% in pre-market trading after the company reported Q4 results.
Quarterly Results
Earnings per share were up 344.83% over the past year to $0.71, which beat the estimate of $0.60.
5 Stocks To Watch For August 10, 2021
Some of the stocks that may grab investor focus today are:
Wall Street expects SYSCO Corporation (NYSE: SYY) to report quarterly earnings at $0.60 per share on revenue of $14.23 billion before the opening bell. SYSCO shares rose 0.3% to close at $41.97 on Friday.