said it expects to earn 19 cents to 22 cents a share in the third quarter ended June 28, which is ahead of analysts' consensus forecast.
Analysts expect the pork and poultry producer to earn 17 cents a share, but the company's estimate falls below last year's comparable-quarter earnings of 25 cents a share.
"Recent earnings estimates in the market are materially inconsistent with our knowledge of expected results," CEO John Tyson said in a press release. "Our quarter has ended and accounting work is substantially complete, and I felt it was appropriate at this time to ensure accurate information in the market for all of our shareholders."
Shares of Tyson, based in Springdale, Ark., were recently up 3% at $11.54 on the
New York Stock Exchange