HOUSTON (AP) _ Sysco Corp. (SYY) on Monday reported fiscal fourth-quarter profit of $448.9 million.
The Houston-based company said it had net income of 85 cents per share. Earnings, adjusted for one-time gains and costs, were 94 cents per share.
The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 94 cents per share.
The food distributor posted revenue of $15.32 billion in the period.
For the year, the company reported profit of $1.43 billion, or $2.70 per share. Revenue was reported as $58.73 billion.
Sysco shares have increased 13 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 6 percent. The stock has increased 33 percent in the last 12 months.
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