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Sysco 3Q Profit Falls, Meets Analysts' Estimates

Stock quotes in this article: SYY  

HOUSTON (AP) — Sysco Corp. said Monday that its fiscal third quarter profit fell 6 percent but met analysts' estimates as it significantly reduced operating expenses.

The food service company earned $226.2 million, or 38 cents per share, for the period ended March 28, down from $240.9 million, or 40 cents per share, a year earlier. The results still managed to meet Wall Street's expectations.

Sales dropped 5 percent to $8.74 billion from $9.15 billion. ...

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