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Sysco (SYY) Stock Climbs on Q4 Earnings Beat

NEW YORK (TheStreet) -- Shares of Sysco (SYY) were gaining in pre-market trading on Monday after reporting better-than-expected earnings for the 2016 fourth quarter.

Before the market open, the Houston-based food distributor posted adjusted earnings of 64 cents per share, topping analysts' estimates of 61 cents per share.

Revenue climbed 10% year-over-year to $13.6 billion but fell slightly short of analysts' estimates of $13.7 billion.

Comparable-store sales were up 2.2% for the period.

"Looking forward, we remain highly focused on...


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