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Tyson Foods Inc. (TSN) Jumped To A 10-Month High After Guidance Boost

Tyson Foods Inc. (TSN) announced after the bell Thursday that it now expects to report full year adjusted EPS of $5.20 to $5.30, up from prior expectations of $4.95 to $5.05.

The company also announced plans to reduce its workforce by approximately 450 positions.

Tyson Foods gapped open sharply higher Friday and climbed during the first half hour of trade, before settling into a range. The stock closed up by 5 points at $70.45 on above average volume. Tyson Foods broke out to over a 10-month high.

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