Valued at $19.3 billion by market cap, Springdale, Arkansas-based Tyson Foods, Inc. (TSN) operates as the biggest U.S. chicken company and produces, distributes, and markets chicken, beef, pork, as well as prepared foods. The farm products giant is expected to announce its third-quarter results before the markets open on Monday, Aug. 4.
Ahead of the event, analysts expect Tyson Foods to deliver a profit of $0.79 per share, down 9.2% from $0.87 per share reported in the year-ago quarter. On the positive note, the company has a solid earnings surprise history and has surpassed the Street’s bottom-line estimates in each of the past four quarters.
