CLSA Upgrades Tyson (TSN) to Buy
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Tyson Foods (TSN) Tops Q1 EPS by 8c, Guides FY Revs In-Line, Comments
February 1, 2013 7:36 AM ESTTyson Foods Inc. (NYSE: TSN) reported Q1 EPS of $0.48, $0.08 better than the analyst estimate of $0.40. Revenue for the quarter came in at $8.4 billion versus the consensus estimate of $8.61 billion.
Tyson Foods Inc. sees FY2013 revenue of $35 million, versus the consensus of $35.54 million.
Outlook
Our continued capital investment in our businesses, strong liquidity and reduced interest expense will help us to maintain strong operating results despite challenging market conditions. In fiscal 2013, we expect overall domestic protein production (chicken, beef, pork and turkey) to decrease approximately 1% from fiscal 2012 levels. The recent... More
