Tyson Foods Q3 Adj EPS $0.15 Misses $0.34 Estimate, Sales $13.14B Miss $13.78B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tyson Foods (NYSE:TSN) reported Q3 adjusted earnings of $0.15 per share, missing the analyst consensus estimate of $0.34 by 55.88%. This is a 92.27% decrease from the same period last year. The company also reported quarterly sales of $13.14 billion, missing the analyst consensus estimate of $13.78 billion by 4.62%, a 2.63% decrease from the same period last year.
August 07, 2023 | 11:34 am
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NEGATIVE IMPACT
Tyson Foods' Q3 earnings and sales missed estimates, with a significant YoY decrease. This could negatively impact the company's stock price in the short term.
Tyson Foods reported a significant decrease in Q3 earnings and sales compared to the same period last year, and also missed analyst estimates. This could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100