Reported 12 days ago
Tyson Foods reported stronger-than-expected quarterly profits due to robust demand for its beef and pork products, despite a decline in chicken sales. The company's shares rose over 8% as it benefited from lower costs and improved margins, although concerns about the beef market outlook persist. Adjusted earnings reached 92 cents per share, significantly higher than analysts' predictions, with net sales rising 1.6% to $13.57 billion.
Source: YAHOO