Investing.com - Tyson Foods (NYSE:TSN) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Tyson Foods announced earnings per share of $1.4 on revenue of $10.02B. Analysts polled by Investing.com anticipated EPS of $0.95 on revenue of $10.53B.
Tyson Foods shares are down 32% from the beginning of the year and are trading at $63.76 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.25% from the start of the year.
Tyson Foods shares gained 3.76% in pre-market trade following 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 Thursday, who reported EPS of $1.16 on revenue of $17.7B, compared to forecasts EPS of $1.01 on revenue of $16.95B.
Coca-Cola had beat expectations on Tuesday, July 21, 2020 with second quarter EPS of $0.42 on revenue of $7.2B, compared to forecast for EPS of $0.4 on revenue of $7.21B.
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