Investing.com - Tyson Foods (NYSE:TSN) reported on Monday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Tyson Foods announced earnings per share of $0.77 on revenue of $10.89B. Analysts polled by Investing.com anticipated EPS of $1.04 on revenue of $10.85B. That with comparison to EPS of $1.2 on revenue of $10.44B in the same period a year before.Tyson Foods had reported EPS of $1.66 on revenue of $10.82B in the previous quarter.Analysts are expecting EPS of $1.46 and revenue of $10.95B in the upcoming quarter.
Tyson Foods shares are down 34% from the beginning of the year and are trading at $55.78 , down-from-52-week-high.They are under-performing the S&P 500 which is down 12.76% year to date.
Tyson Foods shares lost 7.05% 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 Friday, April 17, 2020, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on Tuesday, April 21, 2020 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.
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