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How Will Sysco (SYY) Stock React to Monday's Earnings Report?

NEW YORK (TheStreet) -- Sysco Corp. (SYY - Get Report) is scheduled to release its fiscal 2016 first quarter financial results on Monday before the market open.

The company is expected to report unchanged earnings and a year-over-year increase in revenue for the quarter.

Analysts have estimated earnings of 52 cents per share on revenue of $12.58 billion for the latest quarter.

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Last year, the company reported earnings of 52 cents per share on $12.45 billion in revenue for the first quarter of fiscal 2015.

In August, Houston-based Sysco added activist investor Nelson Peltz and Josh Frank of Trian Fund Management to its board of directors after the firm acquired a 7.1% stake in the company.

Peltz sees long-term potential in the food distributor, even after the company abandoned its plans to acquire US Foods for $8.2 billion after the transaction was blocked by the Federal Trade Commission in June.

Sysco stock closed down 1.29% to $41.25 on Friday...


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