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Tyson Foods Q2 Profit Tops Estimates; Issues FY24 Outlook - Update

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

Tyson Foods (TSN) reported second quarter net income to company of $145 million compared to a loss of $97 million, prior year. Net income per share was $0.41 compared to a loss of $0.28. Adjusted operating income was $406 million, up 525% from prior year. Adjusted net income per share to Tyson was $0.62 compared to a loss of $0.04. On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.39, for the quarter. Analysts' estimates typically exclude special items.

Sales were $13.07 billion, down 0.5% from prior year. Analysts on average had estimated $13.16 billion in revenue.

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