8:54 am Tyson Trades Lower Pre-Market After FY15 Revenue Outlook Falls Short
Tyson Foods (TSN 40.50) is trading lower this morning after reporting first quarter results and issuing guidance for the full year.
The company reported second quarter adjusted earnings of $0.75 per share, beating expectations (year/year adjusted earnings rose 25%). On the top line, revenues rose 10.5% year/year to $9.98 billion, which fell just a little short of expectations.
Overall, the company came in above expectations on strong performances in its Prepared Foods and Chicken segments.
During the …More