Barclays Reiterates Overweight Rating on Tyson (TSN)
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November 12, 2024 7:33 AM EST
Tyson Foods (NYSE: TSN) reported Q4 EPS of $0.92, $0.21 better than the analyst estimate of $0.71. Revenue for the quarter came in at $13.57 billion versus the consensus estimate of $13.43 billion.
OUTLOOK:
Revenue
We expect sales to be down 1% to flat in fiscal... More
November 12, 2024 7:31 AM EST
By Heather Schlitz and Neil J Kanatt
(Reuters) -Tyson Foods beat Wall Street expectations for fourth-quarter profit on Tuesday and said its rebounding chicken business would limit fallout from ongoing struggles in its beef division over the coming year, sending shares soaring nearly 9%.
After struggling in recent quarters to match supply to demand and shuttering multiple chicken plants last year, Tyson executives said its chicken business benefited from low feed costs and increased plant efficiency.
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