Tyson Foods Inc (NYSE:TSN) gained on Monday morning after unveiling expectation-beating revenue and profit for the third quarter. Net sales climbed by 1.6% to $13.35 billion over the third quarter, the meat distributor said in results, beating analysts' estimates of $13.24 billion.
Tyson Foods surpassed Wall Street expectations for third-quarter revenue and profit on Monday as sales of meat products rebounded while lower grain prices reduced costs for animal feed.
Tyson Foods Inc.'s stock TSN was up by 2.5% in premarket trading on Monday after the meat producing giant beat analyst estimates for its third-quarter profit and revenue. Tyson said it swung to third-quarter net income of $191 million, or 54 cents a share, from a loss of $417 million, or $1.18 a share, in the year-ago quarter. Adjusted profit of 87 cents a share in the latest quarter beat the F...
Tyson Foods surpassed Wall Street expectations for third-quarter revenue and profit on Monday, indicating that demand was rebounding for its meat products, while lower grain prices reduced costs for animal feed.
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