Sysco (SYY -5.2%) trades lower despite beating FQ2 estimates earlier this morning, as investors...

|About: Sysco Corporation (SYY)|By:, SA News Editor

Sysco (SYY -5.2%) trades lower despite beating FQ2 estimates earlier this morning, as investors appear to be focusing in on its rising overhead costs their impact on future earnings. Profits actually fell 3.1% Y/Y, and the company warns that much of its sales growth was driven by discounts or other promotions and competitive conditions remain at high levels.