Tyson Foods, Inc. (NYSE: TSN) on Monday reported an increase in fourth-quarter earnings aided by strong sales performance, despite the pandemic related disruption. The company’s stock made sharp gains during the pre-market session as the results topped the Street view.

Adjusted earnings moved up to $1.81 per share from $1.21 per share in the fourth quarter of 2019 and came in above analysts’ forecast. Net income was $692 million or $1.90 per share, compared to $369 million or $1.01 per share in the year-ago period.
Driving the bottom-line growth, fourth-quarter net sales rose to $11.46 billion from $10.88 billion in the corresponding period of last year. Analysts were looking for a smaller top-line number.
Tyson Foods’ shares gained about 3% early Monday, soon after the earnings announcement, after closing the previous session higher.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Disney (DIS): A look at the major winning points for its streaming business
Shares of the Walt Disney Company (NYSE: DIS) have been rallying since the entertainment leader delivered strong results for its third quarter of 2022 a day ago. The stock was
KSS Stock: After terminating sale talks, what awaits Kohl’s this year
Kohl’s Corporation (NYSE: KSS) has been on investors' radar ever since the retailer put itself up for sale earlier this year, after coming under pressure from activist investors. Putting an
Walt Disney Company (DIS) Q3 revenues, earnings beat Street view
Entertainment behemoth The Walt Disney Company (NYSE: DIS) on Wednesday reported higher revenues and earnings for the third quarter of 2022. The results also topped expectations. Third-quarter revenues of the Los