AP NEWS

Tyson: Fiscal 1Q Earnings Snapshot

February 6, 2020 GMT

SPRINGDALE, Ark. (AP) _ Tyson Foods Inc. (TSN) on Thursday reported fiscal first-quarter net income of $557 million.

The Springdale, Arkansas-based company said it had net income of $1.52 per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to $1.66 per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.

The meat producer posted revenue of $10.82 billion in the period.

Tyson shares have fallen roughly 8% since the beginning of the year, while the Standard & Poor’s 500 index has risen 3%. The stock has risen 36% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSN at https://www.zacks.com/ap/TSN