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Tyson Foods Surpasses Q3 Expectations with Beef and Pork Gains, Chicken Segment Falls Short

Tyson Foods, Inc. (NYSE:TSN) shares are volatile after reporting third-quarter results. Quarterly adjusted earnings per share of 87 cents (+480%) beat the street view of 65 cents. Sales of $13.353 billion (+1.6%) beat the analyst consensus of $13.236 billion. Beef volume rose 4.4%, the Pork segment rose 1.2%, while volume in the Chicken segment fell 0.4%. “In Q3, we delivered the highest adjusted operating income in the last seven quarters while also generating strong free cash flow,” stated Donnie King, President & CEO of Tyson Foods. Adjusted operating margin in the quarter under review expanded to 3.7% from 1.4% in the year-ago period. Also Read: GameStop Shuts ...