Tyson Foods: beats consensus in Q2
(CercleFinance.com) - Tyson Foods has posted Q2 adjusted EPS that is down 5.
5% at 1.20 dollar, seven cents above the consensus, for an adjusted operating margin of 6.3% and revenues that are up 7% to over 10.4 billion dollars.
The ready meal segment has achieved its second consecutive quarter of record profitability, CEO Noel White said, also pointing to the strong performance of the beef and pork segments, and expecting a recovery in the poultry segment.
With adjusted EPS down nearly 10% to 2.78 dollars, the agri-food group specialising in meat confirms a target EPS range of 5.75 dollars to 6.10 dollars for FY 2018-19.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
5% at 1.20 dollar, seven cents above the consensus, for an adjusted operating margin of 6.3% and revenues that are up 7% to over 10.4 billion dollars.
The ready meal segment has achieved its second consecutive quarter of record profitability, CEO Noel White said, also pointing to the strong performance of the beef and pork segments, and expecting a recovery in the poultry segment.
With adjusted EPS down nearly 10% to 2.78 dollars, the agri-food group specialising in meat confirms a target EPS range of 5.75 dollars to 6.10 dollars for FY 2018-19.
Copyright (c) 2019 CercleFinance.com. All rights reserved.