Tyson Foods: beats consensus in Q3
(CercleFinance.com) - Tyson Foods has reported Q3 net earnings that are up 7% at 541 million dollars, or 1.
47 dollar per share.
Adjusted EPS reached 1.50 dollar, eight cents above the consensus.
The agri-food group increased its adjusted operating profit by 8% to 816 million dollars, for revenue that was up 2% at 10.05 billion dollars, despite headwinds relating to surplus supply and prices.
For the record, last week Tyson Foods issued a profit warning for the current fiscal year, forecasting adjusted EPS of around 5.70 dollars to 6 dollars, compared with a previous target range of 6.55 dollars to 6.70 dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
47 dollar per share.
Adjusted EPS reached 1.50 dollar, eight cents above the consensus.
The agri-food group increased its adjusted operating profit by 8% to 816 million dollars, for revenue that was up 2% at 10.05 billion dollars, despite headwinds relating to surplus supply and prices.
For the record, last week Tyson Foods issued a profit warning for the current fiscal year, forecasting adjusted EPS of around 5.70 dollars to 6 dollars, compared with a previous target range of 6.55 dollars to 6.70 dollars.
Copyright (c) 2018 CercleFinance.com. All rights reserved.