Monday, August 3, 2020

Tyson Foods Q3 Profit Tops Estimates; Names Dean Banks CEO

Tyson Foods, Inc. (TSN) reported third quarter adjusted net income per share attributable to company of $1.40 compared to $1.47, a year ago. On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.94, for the quarter. Analysts' estimates typically exclude special items. Adjusted operating income declined year-on-year to $760 million from $796 million. The company noted that its results were negatively impacted by approximately $340 million of direct incremental expenses related to COVID-19.

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