Founded in 1935 and headquartered in Springdale, Arkansas, Tyson Foods, Inc., produces wide variety of protein-based and prepared food products with chicken, beef and pork. The company provides products and services to customers throughout the United States and more than 90 countries.
Currently trading at around $13 just under its 52 week high of $14.25 with an average volume of about 3.9 million shares a day. Market is expecting a profit of 26 cents a share for the quarter ended September 2009, a jump of 12 cents a share compared to its actual profit of 14 cents a share it posted in the same quarter a year ago.
The company posted a loss of 29 cents in the quarter ended December 2008, a loss of 5 cents a share in the quarter ended March 2009. In the quarter ended June 2009 company posted a profit of 33 cents a share and surprised the market by 50% as the market was expecting a profit of 22 cents a share.
TNS is in my BUY watch list for short term trading. Watch for earnings on Monday November 23, 2009 before market open.
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