Tyson Foods Reports Third Quarter 2020 Results
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Tyson Foods (TSN) Tops Q3 EPS by 46c
August 3, 2020 7:31 AM EDTTyson Foods (NYSE: TSN) reported Q3 EPS of $1.40, $0.46 better than the analyst estimate of $0.94. Revenue for the quarter came in at $10.02 billion versus the consensus estimate of $10.56 billion.
Outlook:
For fiscal 2021, USDA indicates domestic protein production (beef, pork, chicken and turkey) should increase approximately 1% from fiscal 2020 levels. 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 for fiscal 2021.COVID-19 We continue to proactively manage the company and its... More