(Provides first-quarter particulars, share motion) Feb 6 (Reuters) - Tyson Meals Inc missed a
(Provides first-quarter particulars, share motion)
Feb 6 (Reuters) – Tyson Meals Inc missed analysts’
estimates for quarterly gross sales on Thursday, damage by decrease
shipments of beef merchandise resulting from a hearth at its Kansas plant in
August.
Shares of the Jimmy Dean sausages maker fell 2.3% in
premarket buying and selling.
The hearth on the firm’s Holcomb slaughterhouse curtailed
its meat processing operations and left eating places, meals
service firms and grocery chains scrambling for beef.
Tyson’s beef gross sales quantity fell 8% within the first quarter.
Internet earnings attributable to Tyson rose to $557 million, or
$1.52 per share, within the quarter ended Dec. 28, from $551
million, or $1.50 per share, a 12 months earlier. [nGNXb5pzpl]
Gross sales rose 6.1% to $10.82 billion, however fell in need of
analysts’ estimates of $11.04 billion, based on IBES information
from Refinitiv.
Excluding gadgets, the corporate earned $1.66 per share, in line
with expectations.
(Reporting by Uday Sampath in Bengaluru; Modifying by Shailesh
Kuber and Maju Samuel)
(([email protected]; inside U.S.+1 646 223
8780; Twitter: @sampath_uday; Reuters Messaging:
[email protected]))
Key phrases: TYSON FOODS RESULTS/ (UPDATE 1)
…