Tyson Foods: Q1 EPS above expectations
(CercleFinance.com) - Tyson Foods has reports Q1 adjusted EPS that is down 13% at 1.
58 dollar, three cents above the consensus, for an adjusted operating margin of 8.3% and sales that are flat at 10.2 billion dollars.
The agri-food group specialising in meat confirms that it expects
adjusted EPS of between 5.75 dollars and 6.10 dollars for 2018-19. CEO
Noel White said that the group is well placed to meet a global protein
demand that remains strong.
In addition, Tyson Foods announces the acquisition of BRF SA's Thai and
European operations for 340 million dollars, which is expected to be
closed by the end of its third accounting quarter.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
58 dollar, three cents above the consensus, for an adjusted operating margin of 8.3% and sales that are flat at 10.2 billion dollars.
The agri-food group specialising in meat confirms that it expects
adjusted EPS of between 5.75 dollars and 6.10 dollars for 2018-19. CEO
Noel White said that the group is well placed to meet a global protein
demand that remains strong.
In addition, Tyson Foods announces the acquisition of BRF SA's Thai and
European operations for 340 million dollars, which is expected to be
closed by the end of its third accounting quarter.
Copyright (c) 2019 CercleFinance.com. All rights reserved.