Here's Why Tyson Foods Gained 17% in August
Shares of Tyson Foods (NYSE: TSN) jumped 17% last month, according to data from S&P Global Market Intelligence. The food company reported solid fiscal third-quarter 2019 operating results demonstrating that the business is performing well despite a number of headwinds, primarily the ongoing trade war between the United States and China.
The business generated both higher sales and net income in the most recent three-month period, although operating margins still reflect a tough margin environment. Management decided to maintain its fiscal full-year 2019 guidance for adjusted earnings per share of $5.75 to $6.10. That said, shares did slide in early September, giving up half of the gains from August.
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Source Fool.com
