UPDATE: Sysco Reports Decline In FQ4 Profit

Sysco Corp SYY reported a 0.4% drop in its fiscal fourth-quarter profit. Sysco reported its quarterly profit at $336.3 million, or $0.57 per share, down from $337.8 million, or $0.57 per share, in the year-ago period. Its sales rose 0.7% to $10.43 billion. However, analysts were expecting earnings of $0.57 per share on revenue of $10.33 billion. Sysco shares gained 1.16% to $29.60 in pre-market trading.