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The Springdale, AZ-based food company posted fourth quarter earnings of $137 million, or 35 cents per share, down from $261 million, or 70 cents per share, a year ago. On an adjusted basis, earnings rose to 87 cents per share from 70 cents per share last year. Analysts expected to see adjusted EPS of 76 cents per share.
Sales rose 14% to $10.10 billion from $8.89 billion. Analysts expected to see revenue of $10.16 billion.
Looking ahead, the company expects to see a 1% increase in protein productions in fiscal 2015. TSN expects to see FY2015 earnings between $3.30 and $3.40 per share, while analysts expect to see $3.33 per share in earnings.
|VMCIX||Vanguard Mid Cap Index||1.37%|
|VTSMX||Vanguard Total Stock Mkt Idx||1.33%|
|GSMCX||Goldman Sachs Mid Cap Value Fund Institutional||1.06%|
Earnings reports can have a major effect on a company’s stock price, making these events extremely important for investors.
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