Tyson Foods Reports Second Quarter 2020 Results
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Tyson Foods (TSN) Misses Q2 EPS by 27c, Offers Outlook
May 4, 2020 7:37 AM EDTTyson Foods (NYSE: TSN) reported Q2 EPS of $0.77, $0.27 worse than the analyst estimate of $1.04. Revenue for the quarter came in at $10.89 billion versus the consensus estimate of $10.96 billion.
Outlook:
For fiscal 2020, USDA indicates domestic protein production (beef, pork, chicken and turkey) should increase approximately 3-4% from fiscal 2019 levels, but we expect export markets to absorb much of the increased production. The following is a summary of the outlook for each of our segments, as well as an outlook for capital expenditures, net interest expense, liquidity and tax rate... More
