Tyson Foods reported fiscal second-quarter adjusted earnings of 77 cents per share on revenue of $10.89 billion.Tyson also said that it expects to face continued slowdowns and idling related to the coronavirus pandemic.
Wall Street anticipated earnings per share of $1.04 on revenue of $10.96 billion, based on a survey of analysts by Refinitiv. However, it's difficult to compare reported earnings to analyst estimates for Tyson's quarter, as the coronavirus pandemic continues to hit global economies and makes earnings impact difficult to assess.
"Operationally, we have and expect to continue to face slowdowns and temporary idling of production facilities from team member shortages or choices we make to ensure operational safety," the company said.
Production disruptions? How about because they didn’t protect their workers? And now we’re all paying the price.
So much winning!
Tyson - buy those people some hazmat suits. Do whatever it takes. We're counting on you now. Will you let us down or come thru like champions? Hazmat suits can't be that expensive HulkHogan
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Disney, Tyson and CVS Among Those Reporting Earnings This WeekThe weakest earnings season in more than a decade continues, with 148 companies in the S&P 500 expected to report quarterly results this week, including big names in media and food. Yeah but their all covered thanks to Corporate Congress and the officials those companies paid for. Not one company will actually go in the red and they will still get tax refunds when this is over. Oh and those exec bonuses will still be there come end of year. Future doesn’t look very promising So, instead of making billions, maybe just $1 billion? 😢 🤷🏼♀️
La source: WSJ - 🏆 98. / 63 Lire la suite »
U.S. processes over $500 billion in small business loans to stem coronavirus falloutThe U.S. Small Business Administration has processed over 3.8 million loans for more than half a trillion dollars since the launch of the Paycheck Protection Program on April 3 to deal with the economic fallout of the coronavirus outbreak, according to a joint statement by the SBA and the Treasury Department. They will start printing the money in red. Not to signify blood or anything. They are just running out of green ink. America has to get dollars 'circulating'!!
La source: Reuters - 🏆 2. / 97 Lire la suite »
Disney, Tyson and CVS Among Those Reporting Earnings This WeekThe weakest earnings season in more than a decade continues, with 148 companies in the S&P 500 expected to report quarterly results this week, including big names in media and food. Yeah but their all covered thanks to Corporate Congress and the officials those companies paid for. Not one company will actually go in the red and they will still get tax refunds when this is over. Oh and those exec bonuses will still be there come end of year. Future doesn’t look very promising So, instead of making billions, maybe just $1 billion? 😢 🤷🏼♀️
La source: WSJ - 🏆 98. / 63 Lire la suite »