Today's Paper Digital FAQ Obits Newsletters NWA Vaccine Information Covid Classroom Coronavirus NWA Screening Sites Virus Interactive Map Coronavirus FAQ Coronavirus newsletter signup Crime Razorback Sports Today's Photos Puzzles
ADVERTISEMENT

Tyson reports first quarter earnings

by The Associated Press | February 11, 2021 at 7:57 a.m.
FILE - In this Jan. 29, 2006, file photo, a car passes in front of a Tyson Foods Inc., sign at Tyson headquarters in Springdale.

SPRINGDALE, Ark. -- Tyson Foods Inc. on Thursday reported fiscal first-quarter net income of $467 million.

On a per-share basis, the Springdale, Arkansas-based company said it had net income of $1.28. Earnings, adjusted for non-recurring costs, were $1.94 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.58 per share.

The meat producer posted revenue of $10.46 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $11.08 billion.

Tyson shares have risen 7.5% since the beginning of the year, while the Standard & Poor's 500 index has increased 4%. The stock has dropped 15% in the last 12 months.

ADVERTISEMENT

Sponsor Content

ADVERTISEMENT

Recommended for you

ADVERTISEMENT