Tyson Foods profits due to inflation

Source: Dukascopy Bank SA


On Monday, Tyson Foods revealed its quarterly earnings to be at $2.87 per share, compared to the estimate of $1.93. The stock price reacted to the news with a 12.46% surge.

In general, the company made such profits due to the ongoing surge in inflation and, namely, food prices. Tyson Foods is one of the largest meat processors in the United States.
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