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Sysco: Fiscal Q3 Earnings Snapshot

HOUSTON (AP) — HOUSTON (AP) — Sysco Corp. (SYY) on Tuesday reported fiscal third-quarter earnings of $340 million.

On a per-share basis, the Houston-based company said it had net income of 71 cents. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, came to 94 cents per share.

The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The food distributor posted revenue of $20.52 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $20.59 billion.

Sysco expects full-year earnings in the range of $4.50 to $4.60 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SYY at https://www.zacks.com/ap/SYY

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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