Tyson Foods Shares Drop 7% Following Q3 Results 
<p><a href='https://financialmodelingprep.com/financial-summary/TSN'>Tyson Foods (NYSE:TSN)</a> released its third-quarter financial results, which were not as strong as expected. This led to a decrease of over 7% in its shares in pre-market today.</p>
<p>The company reported earnings per share of 15 cents and revenue of $13.14 billion. These figures fell short of the market consensus, which had anticipated earnings of 27 cents per share and revenue of $13.63 billion. In comparison to the previous year, overall revenue declined by 2.6%. The drop in pork sales volume by 1.8% was a contributing factor, and analysts had been anticipating a 1.5% growth.</p>
<p>Despite the challenging market conditions, Donnie King, CEO of Tyson Foods, expressed the company's unwavering commitment to achieving sustainable growth and improving margins.</p>
<p>In response to the results, Tyson Foods announced the closure of four chicken facilities. Looking ahead, the company expects full-year sales to be in the range of $53-54 billion, aligning closely with the consensus estimate of $53.63 billion.</p>

NYSE:TSN