Tyson Foods: beefy results - Q4 EPS up 50%
(CercleFinance.com) - Tyson Foods has posted Q4 adjusted EPS that is up around 50% to 1.
81 dollar, while the market expected this to be pretty flat, for an adjusted operating margin of 9%, against 6.3% a year ago.
The agri-food group, which is specialised in meat products, posted revenues that were up 5.3% to nearly 11.5 billion dollars, thanks to a 5.9% increase in volumes, which more than offset a 0.6% drop in the average sale price.
Over the last fiscal year, Tyson Foods therefore reported adjusted EPS that is up 3% to 5.64 dollars, for an adjusted operating margin of 7.4% and revenues that are up 1.8% to 43.2 billion dollars.
The share is up over 3.5% in pre-market trading on Monday.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
81 dollar, while the market expected this to be pretty flat, for an adjusted operating margin of 9%, against 6.3% a year ago.
The agri-food group, which is specialised in meat products, posted revenues that were up 5.3% to nearly 11.5 billion dollars, thanks to a 5.9% increase in volumes, which more than offset a 0.6% drop in the average sale price.
Over the last fiscal year, Tyson Foods therefore reported adjusted EPS that is up 3% to 5.64 dollars, for an adjusted operating margin of 7.4% and revenues that are up 1.8% to 43.2 billion dollars.
The share is up over 3.5% in pre-market trading on Monday.
Copyright (c) 2020 CercleFinance.com. All rights reserved.