Yahoo Finance Tyson Foods Second Quarter 2024 Earnings: In Line With Expectations
Tyson Foods (NYSE:TSN) Second Quarter 2024 Results
Key Financial Results
Revenue: US$13.1b (flat on 2Q 2023).
Net income: US$145.0m (up from US$97.0m loss in 2Q 2023).
Profit margin: 1.1% (up from net loss in 2Q 2023).
EPS: US$0.41 (up from US$0.27 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tyson Foods Meets Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Food industry in the US.
Performance of the American Food industry.
The company's shares are down 3.8% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Tyson Foods that you should be aware of.
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