Tyson Reports Stronger Sales than Expected and Realogy Holdings Corp. Sales Slow Down
Tyson Foods, Inc. (NYSE: TSN) released a disappointing earnings report and came up short on the bottom line. The company posted earnings of $0.60 against expectations of $0.63. Sales however were stronger than expected, increasing 7.7% to $9.03 billion whicih beat estimates of $8.84 billion. As far as the company's outlook, Tyson expected domestic protein production to be down 1% for the fiscal year, primarily because of reduced hog supplies, which are expected to fall 4%-5% because of a deadly hog virus. Tyson Foods, Inc., together with its subsidiaries, produces, distributes, and