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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

ING: Q2 Earnings Snapshot

AMSTERDAM (AP) — AMSTERDAM (AP) — ING Groep NV (ING) on Thursday reported net income of $2.26 billion in its second quarter. The Amsterdam-based bank said it had earnings of 79 cents per share. The financial services provider posted revenue of $7.31 billion in the period. Its revenue net of interest expense was $7.31 billion, surpassing Street forecasts. _____
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