Tyson Foods: misses consensus in Q4
(CercleFinance.com) - Tyson Foods has reported Q4 adjusted EPS that is down 23% at 1.
21 dollar, four cents below ths consensus, with an adjusted operating margin of 6.3% and revenue up 8.8% to nearly 10.9 billion dollars.
Over the paste fiscal year, the meat specialist saw its adjusted EPS fall by 11% to 5.46 dollars, i.e. in the lower half of its target range of 5.30 dollars to 5.70 dollars.
"We're very optimistic about fiscal 2020, and we currently expect to meet or exceed our long-term earnings algorithm of high single-digit adjusted earnings per share growth as we're well positioned to take advantage of opportunities in the global marketplace," CEO Noel White said, however.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
21 dollar, four cents below ths consensus, with an adjusted operating margin of 6.3% and revenue up 8.8% to nearly 10.9 billion dollars.
Over the paste fiscal year, the meat specialist saw its adjusted EPS fall by 11% to 5.46 dollars, i.e. in the lower half of its target range of 5.30 dollars to 5.70 dollars.
"We're very optimistic about fiscal 2020, and we currently expect to meet or exceed our long-term earnings algorithm of high single-digit adjusted earnings per share growth as we're well positioned to take advantage of opportunities in the global marketplace," CEO Noel White said, however.
Copyright (c) 2019 CercleFinance.com. All rights reserved.