Previous close | 0.0900 |
Open | 0.1000 |
Bid | 0.0000 |
Ask | 0.0500 |
Strike | 52.00 |
Expiry date | 2024-05-03 |
Day's range | 0.0900 - 0.1000 |
Contract range | N/A |
Volume | |
Open interest | 54 |
Tyson boosted its estimate for total adjusted operating income to $1.4 billion to $1.8 billion for fiscal year 2024 from a previous forecast for $1 billion to $1.5 billion. The increased outlook and higher-than-expected earnings were not overly surprising but could still support shares, Citi Research analyst Thomas Palmer said. Tyson also reported better-than-expected first-quarter earnings after closing processing plants.
Tyson Foods surpassed Wall Street expectations for second-quarter profit on Monday, as it begins to reap the benefits of shutting some chicken processing plants to reduce costs. The biggest U.S. meat company by sales has shuttered six U.S. chicken plants since the start of last year, laid off corporate employees and announced plans to close a pork plant, in an attempt to rein in costs. Tyson's second-quarter net sales fell 0.5% to $13.07 billion, compared with estimates of $13.16 billion.
Year-Over-Year Growth in Operating Income Highlights Progress on Strategic InitiativesSPRINGDALE, Ark., May 06, 2024 (GLOBE NEWSWIRE) -- Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, reported the following results: (in millions, except per share data)Second Quarter Six Months Ended 2024 2023 2024 2023Sales$ 13,072 $ 13,133