08:58 AM EDT, 04/30/2024 (MT Newswires) -- Sysco ( SYY ) reported fiscal Q3 non-GAAP earnings Tuesday of $0.96 per diluted share, up from $0.90 a year earlier.

Analysts polled by Capital IQ expected $0.95.

Sales for the quarter ended March 30 were $19.38 billion, up from $18.88 billion a year earlier.

Analysts surveyed by Capital IQ expected $19.73 billion.

For fiscal 2024, the company said it continues to expect adjusted EPS in the range of $4.20 to $4.40. Analysts polled by Capital IQ expect $4.32.

Separately, Sysco ( SYY ) said its board has named President and Chief Executive Kevin Hourican as chair of the board, effective immediately, succeeding Edward Shirley.

Hourican will remain as the company's CEO, while Shirley has stepped down due to health reasons, Sysco ( SYY ) added.

Shares of the company were down 2.3% in recent Tuesday premarket activity.

Price: 75.46, Change: -1.76, Percent Change: -2.28