Categories AlphaGraphs, Earnings, Other Industries

Tyson Foods Q4 earnings, revenue beat estimates

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.

Tyson Foods Q4 2020 Earnings Infographic

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.

  • Tyson Foods Q1 2020 earnings

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

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