Sysco Q1 2024 Adj. EPS $1.07 Beats $1.04 Estimate, Revenue $19.62B Misses $19.73B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sysco's Q1 2024 adjusted EPS was $1.07, beating the estimate of $1.04. However, the company's revenue of $19.62B fell short of the estimated $19.73B.
October 31, 2023 | 12:02 pm
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NEUTRAL IMPACT
Sysco's Q1 2024 earnings beat EPS estimates but missed on revenue. This mixed result could lead to uncertainty in the market.
Sysco's earnings report is a key indicator of the company's financial health. The beat on EPS indicates strong profitability, but the miss on revenue could signal potential issues with sales or market demand. This mixed result could lead to uncertainty among investors, potentially impacting the stock's short-term performance.
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IMPORTANCE 80
RELEVANCE 100