Tyson Foods Reports Q4 Earnings Miss

Tyson Foods TSN reported fourth-quarter earnings of $1.21 per share on Tuesday, which missed the analyst consensus estimate of $1.29 by 6.2%. This is a 23.42% decrease over earnings of $1.58 per share from the same period last year.

The company reported quarterly sales of $10.88 billion, which missed the analyst consensus estimate of $11 billion by 1.09%. This is a 8.81% increase over sales of $9.999 billion the same period last year.

“Fiscal 2019 was highlighted by significant progress in our strategy to grow our business through differentiated capabilities, deliver service and value to our customers, and sustain our company and our world for future generations,” said Noel White, Tyson Foods’ CEO in a statement.

“We’re very optimistic about fiscal 2020, and we currently expect to meet or exceed our long-term earnings algorithm of high single-digit adjusted earnings per share growth as we’re well positioned to take advantage of opportunities in the global marketplace.”

Tyson Foods shares were trading down by 2.2% at $80.98 at the time of publication Monday. The stock has a 52-week high of $94.07 and a 52-week low of $49.77.

Related Links:

Tyson Foods Says It Will Rebuild Kansas Beef Plant, Pay Workers After Fire

Tyson Foods Warns Of Short-Term Challenges, Shares Fall

Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPre-Market Outlook
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...