Sysco Ahead of Earnings

Published on Monday, 09 August 2010 10:30 Written by Christopher Lynn

New York, August 9th (TradersHuddle.com) - Shares of Sysco Corporation (NYSE:SYY) are trading higher by +0.84% ahead of its quarterly earnings release. Sysco, the food distributor to the hospitality industry is expected to release its quarterly results on August 10^th.

Wall Street Analysts consensus calls for a profit of $0.58 a share on $9.93 billion revenue.

Sysco estimates have a range of $0.08 a share. The high estimate calls for profit of $0.6 a share and the low estimate is calling for a profit of $0.52 a share, a year ago for the quarter the company reported $0.53 a share.

Sysco Corporation (NYSE:SYY) distributes food and related products primarily to the foodservice industry. The Company also distributes personal care guest amenities, housekeeping supplies, room accessories, and textiles to the lodging industry.