Sysco's Profits Rise, Match Estimates

The company earns 28 cents a share in the first quarter.
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(SYY) - Get Report

first-quarter profit rose 11%, on track with analysts' estimates.

The company earned $183 million, or 28 cents a share, matching analysts' expectations, compared with earnings of $164 million, or 24 cents a share, a year ago.

Revenue was $6.4 billion, up from $5.8 billion in the first quarter of 2002.

The company said acquisitions boosted revenue by 5.4%.

Shares of the Houston-based company closed at $30.78 Thursday on the

New York Stock Exchange

. Sysco is a food service distributor.