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Financial Results Impact 3 Stocks Tuesday

- By Omar Venerio

Shares of Tyson Foods Inc. (TSN) fell nearly 6% on Tuesday after announcing fourth-quarter results. The company posted earnings of $1.58 per share on $10 billion in revenue, a 1.5% year-over-year decline. The company beat earnings estimates by 8 cents, but fell $300 million short of revenue expectations .

"Tyson Foods produced solid earnings in fiscal 2018, demonstrating the strength of our differentiated portfolio and diversified business model," President and CEO Noel White said . "We exceeded our revised guidance due to a strong finish in the fourth quarter in the Beef and Pork segments. Prepared Foods drove margin expansion, while the Chicken segment closed the gap from earlier in the year with increased promotional activity.

In the b eef segment, s ales volumes increased due to improved availability of cattle supply, stronger demand and higher exports. In the p ork segment, s ales volumes decreased and saw margin compression. In the c hicken segment, s ales volumes increased due to business acquisitions. In the p repared f oods segment, sa les volumes increased due business acquisitions net of business divestitures.

Shares of Eventbrite Inc. (EB) fell more than 5 % after the company posted a third-quarter loss of $1.24 per share on $ 73 . 63 m illion in revenue, reflecting 4 5 . 1 % year-over-year growth . The company beat revenue expectations by $ 1 . 87 million.

This was its first quarterly earnings report as a public company. Shares closed 5% lower on Monday, but above $30 and higher than the $23 initial public offering price set in September.

Shares of Yirendai Ltd. (YRD) jumped more than 6 % after reporting thir d -quarter results. The Chinese company registered earnings of 86 cents per share on $ 1 6 3 . 2 m illion in revenue, a 28 . 3 % year-over-year decline . T he company fell short of revenue expectations by $ 26 . 73 million.

The decrease of total net revenue was due to a decline in loan origination volumes.

Further, a djusted earnings before interest, taxes, depreciation and amortization were 509.3 million yen ($74.2 million), an increase of 21% from the year-ago quarter . The adjusted EBITDA margin was 45.4%, up from 27.9%.

D isclosure: The author holds no positions in any stocks mentioned .

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This article first appeared on GuruFocus.