Investing.com - Tyson Foods (NYSE:TSN) reported on Monday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Tyson Foods announced earnings per share of $1.81 on revenue of $10.64B. Analysts polled by Investing.com anticipated EPS of $1.19 on revenue of $11.01B.
Tyson Foods shares are down 31% from the beginning of the year and are trading at $65.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 10.97% from the start of the year.
Tyson Foods shares gained 4.25% in pre-market trade the report.
Tyson Foods follows other major Consumer/Non-Cyclical sector earnings this month
Tyson Foods's report follows an earnings beat by Procter&Gamble on Tuesday, October 20, 2020, who reported EPS of $1.63 on revenue of $19.32B, compared to forecasts EPS of $1.42 on revenue of $18.38B.
Coca-Cola had beat expectations on Thursday, October 22, 2020 with third quarter EPS of $0.55 on revenue of $8.7B, compared to forecast for EPS of $0.46 on revenue of $8.36B.
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