Sysco (SYY), the big wholesale food distributor, reported better-than-expected earnings Monday. The stock gapped up and traded above a 42.13 buy point from a flat base. Volume was heavy.
The company reported adjusted 2016 fiscal-second-quarter EPS of 48 cents, a 17% increase from a year earlier and 7 cents above analysts’ consensus estimate. Sales came in at $12.15 billion vs. $12.14 billion estimates.