Sysco (SYY -2.3%) dips after its FQ1 earnings missed the mark on a per share basis and its...

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

Sysco (SYY -2.3%) dips after its FQ1 earnings missed the mark on a per share basis and its revenue narrowly slips by. Net earning fell 5.3% Y/Y as improved sales were largely offset by higher food and transportation expenses, plus increased charges related to its multiyear overhaul. Gross margin eased to 18.1% from 18.4%, while operating expenses were up 6%.