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(SYY) - Get Sysco Corporation Report

beat quarterly expectations on strong demand despite having raised prices to help offset

rising commodity costs .

Sysco shares surged 13.7% to $32.40 Monday morning amid heavy volume following the earnings beat. Around 14 million shares changes hands just 90 minutes into the session, compared with their average daily volume of just 3.8 million.

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Sysco said

food cost inflation was 5.1% last quarter as costs rose for items like mean and seafood.

Sysco passed on some of those higher costs to its customers -- restaurants, healthcare facilities and other customers who prepare meals away from home -- and reported a 9% jump in revenue to $9.76 billion in the recent quarter.

Earnings rose by 4.4% to $258.5 million, or 44 cents per share. Excluding one-time items, Sysco's profit was 46 cents per share.

Top- and bottom-line results beat analysts' consensus call for a profit of 41 cents per share on revenue of $9.48 billion.

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have all said their financial results were impacted by higher commodity costs. Many also implemented price increases to help offset those costs.

-- Written by Miriam Marcus Reimer in New York.

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