Tyson Foods Reports Strong First Quarter Fiscal 2019 Results
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Tyson Foods (TSN) Tops Q1 EPS by 1c, Revenues Miss; Offers FY19 EPS/Revenue Guidance
February 7, 2019 7:33 AM ESTTyson Foods (NYSE: TSN) reported Q1 EPS of $1.58, $0.01 better than the analyst estimate of $1.57. Revenue for the quarter came in at $10.19 billion versus the consensus estimate of $10.37 billion.
GAAP EPS of $1.50, down 66% from record prior year (prior year included a one-time tax benefit of $2.68)Adjusted EPS of $1.58, down 13% from record prior yearGAAP operating income of $807 million; Adjusted operating income of $841 millionTotal Company GAAP operating margin of 7.9%; Adjusted operating margin of 8.3%Record Prepared Foods GAAP operating margin of... More