Sysco Corp. Q3 adjusted earnings Beat Estimates

(RTTNews) - Sysco Corp. (SYY) reported a profit for its third quarter that advanced from the same period last year.

The company's earnings totaled $440.08 million, or $0.85 per share. This compares with $330.09 million, or $0.63 per share, in last year's third quarter.

Excluding items, Sysco Corp. reported adjusted earnings of $411.18 million or $0.79 per share for the period.

Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.2% to $14.66 billion from $14.35 billion last year.

Sysco Corp. earnings at a glance:

-Earnings (Q3): $411.18 Mln. vs. $355.59 Mln. last year. -EPS (Q3): $0.79 vs. $0.67 last year. -Analysts Estimate: $0.70 -Revenue (Q3): $14.66 Bln vs. $14.35 Bln last year.