Quarterly Income Up 21% For Tyson Foods, Tariffs Hurt Chicken And Pork Sales

Tyson Foods continued its solid earnings performance through the third quarter, reporting $541 million in net income for the quarter ending June 30, a 21% gain over the $447 million earned in the year-ago period, the company reported Monday.

The Springdale-based company’s earnings per share were $1.47, compared to $1.21 a year ago and beating analyst consensus by 4 cents per share. For the first nine months of fiscal 2018 earnings per share totaled $6.72, up 80% from the same period last year.

Revenue totaled $10.051 billion in the quarter, up 2% from a year ago, but fell short of Wall Street’s expectation by $220 million. Fiscal year to date, Tyson Foods has rung up revenue of $30.053 billion, up 6.89% from the $28.115 billion reported a year ago.    MORE

Designed by Reinhold Technology Solutions