Categories AlphaGraphs, Consumer, Earnings

Tyson Foods Q3 earnings drop on lower sales, but beat estimates

Tyson Foods, Inc. (NYSE: TSN) reported better-than-expected earnings for the third quarter. Meanwhile, revenues missed the Street view.

Tyson Foods Q3 2020 Earnings Infographic

The packaged food company posted adjusted earnings of $1.40 per share for the third quarter, down from $1.47 per share reported a year earlier. Unadjusted profit declined to $527 million or $1.44 per share from $676 million or $1.84 per share in the third quarter of 2019. Analysts had forecast a lower number for the most recent quarter.

Revenues dropped to $10.02 billion from $10.89 billion in the year-ago period and missed Wall Street’s forecast.


Looking forward to reading management/analysts’ comments on Q3 results? Stay tuned here for Tyson Foods’ Q3 2020 earnings call transcript 


Tyson Foods’ shares closed the last trading session lower but gained early Monday soon after the earnings announcement.

Most Popular

Aurora Cannabis (ACB) Earnings: 3Q21 Key Numbers

Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as

Walt Disney (DIS) Q2 revenue down 13%; earnings beat estimates

Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and

Three key factors that bode well for Tattooed Chef (TTCF) going forward

Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top