Poultry producer Tyson Foods, Inc. (
) on Monday posted an uptick in fiscal second quarter earnings,
beating analyst estimates, and said its full-year results could top
The Springdale, AR-based company reported fiscal second quarter
net income of $166 million, or 44 cents per share, compared with
$159 million, or 42 cents per share, in the year-ago period.
Revenue rose 3% from last year to $8.27 billion.
On average, Wall Street analysts expected a smaller profit of 39
cents per share, albeit on higher revenue of $8.49 billion.
Looking ahead, TSN said that it could reach full-year earnings
totals of $2 per share, which would beat analysts' outlook of $1.98
per share for the year.
Tyson Foods shares rose 41 cents, or +2.3%, in premarket trading
The Bottom Line
Shares of Tyson Foods (
) have a .89% dividend yield, based on Friday's closing stock price
of $18.04. The stock has technical support in the $16-$17 price
area. If the shares can firm up, we see overhead resistance around
the $20 price level.
Tyson Foods, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.3 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here
Created by Dividend.com