Sysco & AFLAC

We had two more earnings reports yesterday. Sysco (SYY) reported Q2 EPS of 40 cents which was down 10% from last year but still two cents above Wall Street. The company's COO said: "Though not in line with our historical performance, our results for the quarter were solid given the difficult economic conditions," Revenue dropped slightly to $9.1 billion. In November, the company raised its quarterly dividend from 22 cents a share to 24 cents a share, which translates to a yield of 4.1%. The shares rallied 5.6% yesterday. I expect Sysco to have a flattish year this year and next, which isn't bad considering the environment. continued

by Eddy Elfenbein | 02/03/09 | Stocks: AFL, SYY,

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Sysco & AFLAC

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