Tyson Foods, Inc. (NYSE: TSN) on Monday reported an increase in second-quarter earnings, aided by strong sales across the board. The results also exceeded Wall Street’s projection and the company’s stock gained during the pre-market session.
Adjusted earnings moved up to $2.29 per share in the most recent quarter from $1.34 per share in the second quarter of 2021 and came in above analysts’ forecast. Net income was $829 million or $2.28 per share, compared to $476 million or $1.30 per share in the year-ago period.
Driving the bottom-line growth, second-quarter net sales rose to $13.12 billion from $11.30 billion in the corresponding period of last year. Analysts were looking for a smaller top-line number.
Check this space to read management/analysts’ comments on Tyson Foods’ Q2 2022 earnings
Tyson Foods’ shares gained about 3% early Monday soon after the earnings announcement, after closing the previous session lower.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
BIIB Earnings: Biogen Q1 2024 adj. earnings rise despite lower revenues
Biotechnology firm Biogen Inc. (NASDAQ: BIIB) Wednesday reported an increase in adjusted profit for the first quarter of 2024, despite a decline in revenues. Total revenue declined 7% year-over-year to
Hasbro (HAS) Q1 2024 Earnings: Key financials and quarterly highlights
Hasbro, Inc. (NASDAQ: HAS) reported first quarter 2024 earnings results today. Revenues decreased 24% year-over-year to $757.3 million. Net earnings attributable to Hasbro, Inc. were $58.2 million, or $0.42 per
BA Earnings: Highlights of Boeing’s Q1 2024 financial results
The Boeing Company (NYSE: BA) on Wednesday announced financial results for the first quarter of 2024, reporting a narrower net loss, on an adjusted basis. Revenues dropped 8%. Core loss,
