SYSCO Corporation (NYSE: SYY) falls off as Kraft Foods Inc. (NYSE: KFT) slides

Sysco quarterly net profit rose by 7%

In brief: SYSCO Corporation (NYSE: SYY) is reduced in value against the backdrop of adverse reports. Kraft Foods Inc. (NYSE: KFT) slips uncertain.

SYSCO Corporation (NYSE: SYY) shares fell to a minimum – 29.03 points, losing -0.95 (-3.17%) for three hours trades. Kraft Foods Inc. (NYSE: KFT) shares remain in the red zone, close 29.49 points, decreasing by -0.03%.

Your Food Sysco reported 7% increase in net profit (for the fourth quarter with the end of July 3) from $ 315.3 million, or 53 cents a share a year earlier to $ 338 million, or 57 cents per share. Revenue for the period increased by 14% to $ 10.3 billion, analysts on average expected earnings at 58 cents a share and revenue of $ 9.95 billion.

Ukrainian Globalist
2010-08-16 16:29, Economics.

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