None
EN
Tyson Foods expected to report net income gain in third quarter
['Kim Souza', 'George Jared', 'Talk Business', 'Politics Staff']
Talk Business & Politics
Operating income for the quarter is expected to be $542 million, up 7.3% from a year ago.
Tyson’s chicken segment is expected to report operating income of $503 million in the third quarter, up 12.3% from a year ago.
BEEF AND PORKThe other segments at Tyson Foods are expected to report lower year-over-year operating results, despite a higher top line.
Sharma said recent capacity actions from Tyson Foods and JBS underscore the pressure across the beef packing industry.
Stephens Inc. said it continues to have an equal-weight (neutral) rating on Tyson Foods shares and recently cut its price target from $70 to $60.