Tyson Foods Reports Second Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/7/2026
- Rivian Automotive (RIVN) files for 75M share offering
- Rivian offers Q2 2026 revenue outlook, cash position grows
- Nokia OYJ (NOKIA:FH) (NOK) PT Raised to EUR14 at Kepler Cheuvreux
- Fiserv president resigns, interim leaders named for financial unit
- Coursera plans layoffs after Udemy merger, estimates $8M-$11M in costs
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
