Sysco Down Nearly 10%, on Pace for Largest Percent Decrease Since October 1987 -- Data Talk

Sysco Corporation (SYY) is currently at $64.28, down $7.01 or 9.83%

-- Would be lowest close since May 23, 2018, when it closed at $64.10

-- On pace for largest percent decrease since Oct. 19, 1987, when it fell 25.86%

-- Earlier Monday, Sysco reported weaker-than-expected profit and sales in the first quarter of 2019. Its first-quarter profit rose 17% to $431 million, or 81 cents a share, compared with the same period last year. Analysts polled by Refinitiv had expected earnings of 91 cents a share. Revenue rose 4% to $15.22 billion from a year ago, primarily due to an increase in sales from its international food-service operations. This was below analysts' expectations of $15.39 billion in sales

-- Currently down three of the past four days

-- Worst two-day stretch since the two days ending Oct. 9, 2008, when it fell 10.59%

-- Down 15.18% from its all-time closing high of $75.78 on Aug. 24, 2018

-- Traded as low as $63.19; lowest intraday level since May 16, 2018, when it hit $62.97

-- Down 11.36% at today's intraday low; largest intraday percent decrease since Jan. 4, 2001, when it fell as much as 14.55%

-- Worst performer in the S&P 500 today

All data as of 11:13:48 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

November 05, 2018 11:40 ET (16:40 GMT)

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