2024-01-31 23:48:33 ET
Summary
- Sysco Corporation's stock is up almost 4% following the release of its second quarter results for fiscal 2024.
- The stock has not seen much movement in the past two years, underperforming the S&P 500.
- Sysco's second quarter results were generally in line with expectations, with a slight miss in revenue but beating earnings per share expectations.
On Tuesday, Sysco Corporation ( SYY ) reported second quarter results for fiscal 2024 and in the first hour of trading it seems like investors are quite pleased with the results and the stock is up almost 4%. My last article about Sysco was published almost 2 years ago – in February 2022 – and since then the stock hasn’t moved much. I rated the stock as a “Hold” and this was probably the right call as investors only collected dividends in the meantime....
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For further details see:
Sysco: Reasonably Valued, Maintain Hold