Tyson Foods' 3Q EPS(Earnings Per Share) Meets Analysts' Expectations
by Associated Press
Monday, Aug. 5, 2019 6:46 am 1 min read
SPRINGDALE — Tyson Foods Inc. of Springdale on Monday reported fiscal third-quarter net income of $676 million.
On a per-share basis, the protein producer said it had profit of $1.84. Earnings, adjusted for non-recurring gains, came to $1.47 per share, in line with analysts' estimates.
It also posted revenue of $10.89 billion in the period, below analysts' expectations of $11 billion.
In a news release, the company said it expects full-year earnings in the range of $5.75 to $6.10 per share.
"Overall, third quarter earnings were in line with our expectations," President and CEO Noel White said. "Volume growth in our core retail lines continues to outpace other large food companies and the total food and beverage category, driven primarily by our new product innovation. Our Prepared Foods and Beef segments produced strong results in the quarter, while results in the Chicken segment were mixed, and the Pork(猪肉) segment was negatively affected by increased hog(生猪) costs.
"The African Swine Fever(非洲猪瘟) outbreak continues to take its toll on hog supplies in Asia; however, we have not yet experienced significant benefits to our Pork, Chicken or Beef segments. Given the magnitude of the losses in China's hog and pork supplies, the impending impact on global protein supply and demand fundamentals is likely to be a multi-year event."
Tyson shares (NYSE: TSN) have increased 49% since the beginning of the year, while the Standard & Poor's 500 index has climbed 17%. The stock has climbed 38% in the last 12 months.
source: https://www.arkansasbusiness.com/article/127714/tyson-foods-3q-eps-meets-analysts-expectations
references:
1. reported fiscal third-quarter net income
report: to officially give information to the public
Doctors have reported a 13% increase in the number of people with heart disease.
2. in line with analysts' estimates
in line with something: if something changes in line with something else, it changes in the same way and at the same rate as it
Pensions will be increased in line with inflation.
3. in our core retail lines
line: JOB [countable usually singular] the type of work someone does
line of work/business
What line of business is he in?
in the building/retail etc line
She’s keen to do something in the fashion line.
4. take its toll on hog supplies
take a/its toll on something/somebody: to have a very bad effect on something or someone over a long period of time
Rising unemployment has taken its toll on the consumer lending market.
5. global protein supply and demand fundamentals
fundamentals: noun [plural] basic information about a company, the economy etc that must not be forgotten when looking at share prices, currencies etc
Silver’s fundamentals don’t justify its current high price, he said.
6. The stock has climbed 38% in the last 12 months
climb: TEMPERATURE/PRICES ETC [intransitive] to increase in number, amount, or level SYN go up
The temperature has climbed steadily since this morning.
Inflation climbed 2% last month.
Extended reading:
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http://stock.eastmoney.com/a/201908051197541587.html