Tyson Foods (TSN) stock climbs on earnings beat
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/22/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- CoreWeave trains DeepSeek-V3 in two minutes in MLPerf benchmark
- Needham Starts NeoVolta (NEOV) at Buy
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
Tyson Foods shares suffer worst one-day decline in a year over demand concerns
May 6, 2024 7:34 AM EDTBy Tom Polansek and Granth Vanaik
(Reuters) -Tyson Foods shares suffered their worst one-day decline in a year on Monday after the U.S. meatpacker warned that consumers are under pressure from persistent inflation and high commodity costs could weigh on upcoming results.
The Arkansas-based meatpacker reported second-quarter sales that fell short of analysts' estimates, though profits surpassed expectations.
Third-quarter results could be weaker than the fourth quarter due to performance in Tyson's pork and prepared foods divisions, CEO Donnie King said on a conference call. Shares ended down 5.7% after tumbling earlier by more than 9%.
... MoreTyson Foods (TSN) Tops Q2 EPS by 23c
May 6, 2024 7:32 AM EDTTyson Foods (NYSE: TSN) reported Q2 EPS of $0.62, $0.23 better than the analyst estimate of $0.39. Revenue for the quarter came in at $13.07 billion versus the consensus estimate of $13.14 billion.
OUTLOOK
For fiscal 2024, the United States Department of Agriculture (USDA) indicates domestic protein production (beef, pork, chicken and turkey) should increase slightly compared to fiscal 2023 levels. The following is a summary of the updated outlook for each of our segments, as well as an outlook for revenues, capital expenditures, net interest expense, liquidity and tax rate for fiscal 2024. Certain of the outlook... More
Tyson Foods (TSN) May weekly option implied volatility into quarter results
May 3, 2024 10:53 AM EDTTyson Foods (NYSE: TSN) May weekly call option implied volatility is at 50, May is at 38; compared to its 52-week range of 18 to 40 into the expected release of quarter results before the bell on May 6.
... MoreTyson Foods (TSN) May weekly 60 straddle into quarter results
May 3, 2024 4:29 AM EDTTyson Foods (NYSE: TSN) May weekly 60 straddle priced for a move of 5.5% into the expected release of quarter results before the bell on May 6.
... More