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Tyson Foods Inc. (TSN) Declined After Q2 Miss

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Tyson Foods Inc. (TSN) reported second quarter adjusted EPS of $0.36 Monday morning, which fell short of the consensus estimate of $0.45. Sales increased 1.8 percent to $8.42 billion from $8.27 billion last year, but missed the consensus estimate of $8.58 billion.

The company also trimmed its full year 2013 sales guidance to about $34.5 billion from the prior forecast of about $35 billion. The consensus estimate is for revenues of $34.49 billion.

Tyson Foods gapped open lower Monday, but was range-bound throughout the session. The stock finished down by 0.83 at $24.10 on above average volume.

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