TheStreet

Sysco (SYY - Get Report) shares were rising in trading Monday after the food service company reported mixed third-quarter results.

The Houston-based company reported third-quarter net income of $440.1 million, or 79 cents per share on an adjusted basis, on revenue that rose 2.2% from a year earlier to $14.66 billion.

Analysts polled by FactSet were expecting the company to report earnings of 70 cents per share on revenue of $14.77 billion. 

"Our results for the quarter show strong improved year-over-year growth and are in line with our expectations," said Tom Bene, Sysco's chairman, president and chief executive officer. "Our continued focus on profitable growth and supporting our customers at a high level, balanced with managing expenses well, allowed us to deliver solid operating income growth this quarter."

The company reported food cost inflation in the U.S. of 2.3% in the quarter and a 2.4% increase in operating expenses in the quarter. Adjusted operating income rose 10% year over year to $768.4 million. 

Sysco shares are up 2.3% Monday, and the stock has risen more than 13% year to date.