Tyson Foods quarterly sales miss estimates
Reuters
Published Nov 13, 2018 07:42AM ET
Tyson Foods quarterly sales miss estimates
(Reuters) - Tyson Foods Inc (N:TSN) reported quarterly sales on Tuesday that missed Wall Street estimates, as more consumers and restaurants took advantage of falling beef and pork prices, cutting into demand for chicken.
Net income attributable to the company rose to $537 million, or $1.47 per share, in the fourth quarter ended Sept. 29 from $394 million, or $1.07 per share, a year earlier.
Sales fell 1.4 percent to $10 billion. Analysts on average had expected revenue of $10.26 billion, according to IBES data from Refinitiv.
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Written By: Reuters
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