Tyson Foods Swings To Profit In Q3; Backs FY24 Sales Outlook

RTTNews | 361 hari yang lalu
Tyson Foods Swings To Profit In Q3; Backs FY24 Sales Outlook

(RTTNews) - Tyson Foods, Inc. (TSN) reported Monday net income attributable to the company for the third quarter of $191 million or $0.54 per share, compared to a net loss of $417 million or $1.18 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.87 per share, compared to $0.15 per share in the year-ago quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.65 per share for the quarter. Analysts' estimates typically exclude special items.

Sales for the quarter increased 1.6 percent to $13.35 billion from $13.14 billion in the same quarter last year. Analysts expected revenue of $13.24 billion for the quarter.

Looking ahead to fiscal 2024, the company continues to project sales to be relatively flat with fiscal 2023 sales of $53.88 billion. The Street is looking for revenues of $53.03 billion for the year.

The company also expects capital expenditures between $1.2 billion and $1.3 billion for fiscal 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

read more
Tyson Foods Q4 Results Top Estimates

Tyson Foods Q4 Results Top Estimates

Meat processor Tyson Foods reported Tuesday a profit for the fourth quarter compared to a loss last year, reflecting improved margins and sales growth. Both adjusted earnings per share and quarterly sales topped analysts' expectations. However, the company provided weak sales guidance for the full-year 2025.
RTTNews | 262 hari yang lalu
Tyson Recalls Fully Cooked Chicken Fun Nuggets

Tyson Recalls Fully Cooked Chicken Fun Nuggets

Tyson Foods, Inc. is recalling around 29,819 pounds of frozen, fully cooked chicken "Fun Nuggets" sold to retailers for possible contamination with extraneous materials, specifically metal pieces, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS.
RTTNews | 634 hari yang lalu
Tyson Foods To Close 2 US Chicken Plants, Lay Off 1,700 Workers

Tyson Foods To Close 2 US Chicken Plants, Lay Off 1,700 Workers

Tyson Foods Inc. plans to close two poultry plants in the United States and lay off almost 1,700 employees on May 12, reports said. The current scale and inability to economically improve operations is said to have led to the decision to close the facilities. The plants in Van Buren, Arkansas and Glen Allen, Virginia will be closed as part of its cost saving measures.
RTTNews | 870 hari yang lalu
FTSE 100 Down 0.55% As Trump's Tariff Moves Hurt Sentiment

FTSE 100 Down 0.55% As Trump's Tariff Moves Hurt Sentiment

U.K. stocks are down in negative territory on Friday, weighed down by trade concerns after U.S. President Donald Trump announced sweeping tariffs on several countries. The President's letters to 17 major pharma firms, urging them to cut prices, has triggered a sell-off in the pharmaceutical sector.
RTTNews | 1j 0min yang lalu
Eurozone Manufacturing Activity Moves Closer To Stagnation

Eurozone Manufacturing Activity Moves Closer To Stagnation

The euro area manufacturing activity registered a broad stabilization in July as output continued to increase despite a fresh fall in new orders, purchasing managers' survey compiled by S&P Global showed on Friday. The HCOB final manufacturing Purchasing Managers' Index rose to a three-year high of 49.8 in July from 49.5 in June. The score matched the flash estimate.
RTTNews | 1j 53min yang lalu