Tyson Foods Reports First Quarter 2023 Results
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Goldman Sachs sidelined on Tyson Foods (TSN) as 1Q miss shows deterioration in profitability
February 7, 2023 7:54 AM ESTGoldman Sachs downgraded Tyson Foods (NYSE: TSN) to a Neutral rating (From BUY) and cut the price target on the stock to $66.00 (from $91.00) following the food companys 1Q23 earnings report. The results revealed a sharp deterioration in profitability across the organization, most notably in Chicken, undermining confidence that the cumulative effect of recent operational and strategic changes could sustainability improve margins and earnings for the... More
Tyson Foods (TSN) Misses Q1 EPS by 49c, guides FY revenue in-line
February 6, 2023 6:56 AM ESTTyson Foods (NYSE: TSN) reported Q1 EPS of $0.85, $0.49 worse than the analyst estimate of $1.34. Revenue for the quarter came in at $13.26 billion versus the consensus estimate of $13.51 billion.
GUIDANCE:
Tyson Foods sees FY2023 revenue of $55-57 billion, versus the consensus of... More
