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Shares of Tyson Foods (NYSE:TSN) moved higher by 0.9% in pre-market trading after the company reported Q1 results.
Earnings per share rose 16.87% year over year to $1.94, which beat the estimate of $1.49.
Revenue of $10,460,000,000 decreased by 3.28% from the same period last year, which missed the estimate of $10,840,000,000.
Tyson Foods hasn't issued any earnings guidance for the time being.
The upcoming fiscal year's revenue expected to be between $42,000,000,000 and $44,000,000,000.
Conference Call Details
Date: Feb 11, 2021
Time: 08:00 AM
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52-week high: $83.49
Company's 52-week low was at $42.57
Price action over last quarter: Up 9.60%
Tyson Foods is the largest U.S. producer of processed chicken and beef. It's also a large producer of processed pork and protein-based products under the brands Jimmy Dean, Hillshire Farm, Ball Park, Sara Lee, Aidells, State Fair, and Raised & Rooted, to name a few. Tyson sells 86% of its products through various U.S. channels, including retailers (48%), food-service (28%), and other packaged food and industrial companies (10%). In addition, 14% of the company's revenue comes from exports to Canada, Mexico, Brazil, Europe, China, and Japan.
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