Tyson Foods: misses consensus for Q2
(CercleFinance.com) - Tyson Foods posts second-quarter results with net profits down 7% to 315 million dollars, or 85 cents per share.
In adjusted data, the earnings per share was 1.27 dollars, or three cents under analyst consensus.
The agro-food group increased its adjusted operating profit by 11% to 694 million dollars, for a turnover up 7.6% to almost 9.8 billion, an increase linked essentially to price rises.
For the current financial year, Tyson Foods is banking on an adjusted earnings per share growth of approximately 23-26% to 6.55-6.70 dollars, taking into account the positive impact of the reduction in tax rates following the fiscal reform.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
In adjusted data, the earnings per share was 1.27 dollars, or three cents under analyst consensus.
The agro-food group increased its adjusted operating profit by 11% to 694 million dollars, for a turnover up 7.6% to almost 9.8 billion, an increase linked essentially to price rises.
For the current financial year, Tyson Foods is banking on an adjusted earnings per share growth of approximately 23-26% to 6.55-6.70 dollars, taking into account the positive impact of the reduction in tax rates following the fiscal reform.
Copyright (c) 2018 CercleFinance.com. All rights reserved.