Tyson Foods (TSN) Reports Strong Q3 2024 Earnings with Notable Revenue and Income Increase

Monday, 5 August 2024, 11:37
In its third quarter of 2024, Tyson Foods, Inc. (NYSE: TSN) reported a revenue increase of 1.6% year-over-year, totaling $13.35 billion. The company achieved a net income of $191 million, translating to $0.54 per share, markedly improving from the previous year's net loss of $417 million. Adjusted EPS also surpassed expectations at $0.87. The results reflect a solid recovery and indicate positive growth trajectories for the company moving forward.
AlphaStreet
Tyson Foods (TSN) Reports Strong Q3 2024 Earnings with Notable Revenue and Income Increase

Tyson Foods Q3 2024 Earnings Overview

Tyson Foods, Inc. (NYSE: TSN) has revealed its financial results for the third quarter of 2024.

Financial Highlights

  • Sales Growth: Increased by 1.6% year-over-year.
  • Revenue: Reached $13.35 billion.
  • Net Income: Achieved $191 million, or $0.54 per share.
  • Previous Year Comparison: Net loss last year was $417 million, or $1.18 per share.
  • Adjusted EPS: Reported at $0.87, exceeding market expectations.

In summary, Tyson Foods has demonstrated a remarkable turnaround in its financial performance, showcasing both top-line growth and enhanced profitability.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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