Tyson Posts Record Second Quarter; Sales Exceed $9.0 Billion as Earnings Increase 58% to $0.60
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Tyson Foods Inc. (TSN) Misses Q2 EPS by 3c
May 5, 2014 7:33 AM EDTTyson Foods Inc. (NYSE: TSN) reported Q2 EPS of $0.60, $0.03 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $9.03 billion versus the consensus estimate of $8.85 billion.
Outlook
In fiscal 2014, we expect overall domestic protein production (chicken, beef, pork and turkey) to decrease approximately 1% from fiscal 2013 levels, mainly due to further reductions in forecasted hog supplies. Grain supplies are expected to increase in fiscal 2014, which should result in lower input costs. The following is a summary of the fiscal 2014 outlook for each of our segments, as well as an... More
