Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Investing.com -- Tyson Foods, Inc. saw its stock jump 4.2% after reporting better-than-expected first-quarter earnings and revenue on Monday.
The food processing giant posted adjusted earnings per share of $1.14 for Q1, handily beating analyst estimates of $0.90. Revenue came in at $13.62 billion, topping expectations of $13.5 billion and rising 2.3% YoY.
"Fiscal year 2025 is off to a strong start, as we delivered our third consecutive quarter of year-over-year growth in sales, operating income, and EPS," said Donnie King, President & CEO of Tyson Foods (NYSE:TSN). "Our best quarterly performance in more than two years reflects improved execution across the business, including exceptional results in chicken."
The company’s chicken segment was a standout, with operating income surging to $351 million from $177 million a year ago. Adjusted operating margin in chicken improved to 9.1% from 4.8% last year.
Looking ahead, Tyson anticipates its fiscal 2025 adjusted operating income guidance between $1.9 billion to $2.3 billion. The company now expects sales to be flat to up 1% compared to fiscal 2024.
The positive results and outlook drove investor enthusiasm, with Tyson shares climbing as much as 4.2% following the earnings release.