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Tyson Foods Q2 Earnings Beat Estimates, but Revenue Misses (TSN)


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Poultry producer Tyson Foods, Inc. ( TSN ) on Monday posted an uptick in fiscal second quarter earnings, beating analyst estimates, and said its full-year results could top expectations.

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 Monday.

The Bottom Line
Shares of Tyson Foods ( TSN ) 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. ( TSN ) 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 .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks
Referenced Symbols: TSN


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