The company missed EPS estimates thrice out of the last four earnings quarters; it missed revenue estimates only once in the same period.
The furniture retailer upped its full-year revenue outlook, saying it expects growth of 18-20% in the fourth quarter compared to a year ago.
On Tuesday, South Korean president Yoon Suk-yeol passed an order declaring emergency martial law, including orders prohibiting labour strikes
Wall Street expects Tyson to report Earnings Per Share (EPS) of $0.72 on estimated revenues of $13.43 billion
Retail sentiment on the stock turned ‘extremely bullish’ (85/100) from ‘bearish’ (39/100) a day ago. While the message volumes were ‘extremely high’.
The company’s Q3 earnings per share came in at $1.02, beating the consensus estimates of $0.95 by 7.35%. Revenues stood at $1.51 billion, above the estimated $1.47 billion.
Guggenheim analyst Ronald Jewsikow lowered the target from $21 to $18 while maintaining a ‘Buy’ rating, citing Rivian’s supplier issues
Trump Media, whose majority owner is Donald Trump, had jumped nearly 15% to $39 earlier