Shares of Tyson Foods TSN moved higher by 2.0% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 74.03% year over year to $1.34, which beat the estimate of $1.12.
Revenue of $11,300,000,000 rose by 3.86% year over year, which beat the estimate of $11,190,000,000.
Outlook
Tyson Foods said it expects chicken results to be lower in FY21 versus FY20.
Details Of The Call
Date: May 10, 2021
Time: 09:00 AM
Recent Stock Performance
Company's 52-week high was at $79.77
52-week low: $55.28
Price action over last quarter: Up 22.48%
Company Profile
Tyson Foods is the largest U.S. producer of processed chicken and beef. It's also a large producer of processed pork and protein-based products under the brands Jimmy Dean, Hillshire Farm, Ball Park, Sara Lee, Aidells, State Fair, and Raised & Rooted, to name a few. Tyson sells 86% of its products through various U.S. channels, including retailers (48%), food-service (28%), and other packaged food and industrial companies (10%). In addition, 14% of the company's revenue comes from exports to Canada, Mexico, Brazil, Europe, China, and Japan.
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