Tyson Stock Down 1.8% After Company Falls Short On Revenue paper is one concerning those Finance, Forex groups, published with our reporter Erick Emerson over February 7, 2019, these article can search during that tags list 18, company, falls, revenue, Short, stock, Tyson. I am pleased to glad you together with providing those anothers blogpost attributed finance together with I'm always updating those blogpost daily.
Shares of Tyson Foods, Inc.
fell 1.8% in premarket trade Thursday after the company announced first-quarter results that beat earnings estimates but fell short on revenue. Profit for the latest quarter was $552 million, or $1.50 per share, compared to $1.632 billion, or $4.40 per share, in the year-earlier quarter. Adjusted EPS was $1.58, beating the FactSet consensus of $1.56. Revenue was $10.193 billion, falling short of the FactSet consensus of $10.361 billion and down from $10.229 billion a year ago. Revenue from the company’s beef segment was $3.926 billion, while pork brought in $1.179 billion. Tyson’s chicken business brought in $3.115 billion and prepared foods brought in $2.149 billion. The company expects fiscal year 2019 sales of about $43 billion, higher than the FactSet consensus of $41.6 billion, and EPS between $5.75 and $6.10 for fiscal 2019. The FactSet consensus for 2019 EPS is $5.93. Shares of Tyson have gained 14% in the year to date, while the S&P 500
has gained 9%.
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