Tyson Foods Q2 2024 Adj EPS $0.62 Beats $0.39 Estimate, Sales $13.072B Miss $13.157B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tyson Foods (TSN) reported Q2 2024 adjusted EPS of $0.62, surpassing the $0.39 estimate, but its sales of $13.072B fell short of the $13.157B forecast, marking a 0.46% year-over-year decrease.
May 06, 2024 | 11:30 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Tyson Foods reported a Q2 2024 adjusted EPS of $0.62, beating estimates, but sales of $13.072B missed forecasts and showed a slight year-over-year decline.
The positive earnings surprise could provide short-term support to TSN's stock price, as beating EPS estimates is generally viewed favorably by investors. However, the slight miss in sales and the year-over-year decrease might temper investor enthusiasm, potentially limiting gains. The mixed results lead to a neutral short-term price direction score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100