Earnings News: BlackBerry Ltd (BBRY), SYSCO Corporation (SYY)

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BlackBerry Ltd (Nasdaq: BBRY) shares soared over 7 percent in pre-market trade on Monday after the company said its board of directors has formed a special committee to explore strategic alternatives, including going private.

BlackBerry Limited is expected to report earnings on September 26, for the fiscal quarter ending August 2013. The consensus EPS forecast for the quarter is a loss of 15 cents per share, compared with an EPS loss of 45 cents in the year ago period, according to analysts polled by Zacks Investment Research.

As of 10:00 a.m. Eastern, shares of BlackBerry Ltd jumped 6.25 percent to $10.38 in morning trade.

SYSCO Corporation (NYSE: SYY) reported fiscal fourth quarter profit fell 8.5 percent as the food distributor posted a profit of $283 million, or 47 cents a share, down from $309.3 million, or 53 cents a share, a year earlier. Wall Street expected the company to report fourth-quarter EPS of 55 cents on revenue of $11.63 billion, according to analysts polled by Reuters.

SYSCO Corporation fell 5.43 percent to $33.11 in early trade.

The Dow Jones industrial average fell 29.13 points, or 0.19 percent, at 15,396.38. The S&P 500 was down 3.15 points, or 0.19 percent, at 1,688.32. The Nasdaq Composite Index was up 4.52 points, or 0.12 percent, at 3,664.39.

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