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Tyson Foods' (TSN) second-quarter fiscal 2024 results reflect gains from the company's diverse protein portfolio. Management pulls up the adjusted operating income guidance for fiscal 2024.
The headline numbers for Tyson (TSN) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Tyson Foods (TSN) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to loss of $0.04 per share a year ago.
The meat company tops quarterly earnings estimates but falls short on sales.
Shares of Tyson Foods Inc. TSN, +1.76% climbed 1.9% toward a 15-month high in premarket trading Monday, after the branded meats company reported fiscal second-quarter profit that rose well above expectations, the first bottom-line growth in two years, as strength in beef and pork sales offset weakness in chicken. For the quartrer to March 30, the company, with food brands including Jimmy Dean, Tyson, Hillshire Farm and Ball Park, swung net income of $145 million, or 41 cents a share, from a loss of $97 million, or 28 cents a share, in the same period a year ago.
Tyson Foods surpassed Wall Street expectations for second-quarter profit on Monday, as it begins to reap the benefits of shutting some chicken processing plants to reduce costs.
Tyson Foods' (TSN) brand strength, product diversification and operational excellence position it well for Q2 earnings, though the beef segment's hurdles persist.
Tyson Foods (TSN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Evaluate the expected performance of Tyson (TSN) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
In the closing of the recent trading day, Tyson Foods (TSN) stood at $60.96, denoting a +0.54% change from the preceding trading day.