Categories AlphaGraphs, Consumer, Earnings

Tyson Foods (TSN) Q2 profit and revenue beat estimates

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.

Tyson Foods Q2 2022 earnings infographic

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

  • Tyson Foods reports Q4 2021 earnings results

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