Tyson Expects to Beat Estimates - TheStreet

Tyson Expects to Beat Estimates

The company says it will earn 19 cents to 22 cents a share in the just-ended quarter.
Publish date:

Tyson Foods

(TSN) - Get Report

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