Tyson Foods sees FY18 adjusted EPS $5.70-$6.00, consensus $6.06
"We continued to grow our business in Q3, even with the headwinds we faced related to oversupply and pricing. In this challenging environment, we delivered a solid quarter overall, growing earnings, operating income and margins. Our diverse portfolio continues to be a key advantage for us. Our Beef and Prepared Foods segments had a strong quarter, helping to balance the results in our Chicken and Pork segments, which faced stiff headwinds. We have a sound strategy and a solid foundation, which will continue to serve our business and shareholders well. We remain confident in our ability to create long-term value," ," said Tom Hayes, Tyson Foods president and CEO. As announced on July 30, Tyson updated its adjusted EPS guidance for fiscal 2018, including the benefit of lower enacted tax rates, to $5.70-$6.00.