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Stock impact report

JBS Profit Surges to Two-Year High on Booming Chicken Demand [Yahoo! Finance]

Tyson Foods, Inc. (TSN) 
Last tyson foods, inc. earnings: 2/6 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Under Trump, Prepare for New US Transportation Priorities Zimbabwe City of 700,000 at Risk of Running Dry by Year-End Saudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency Sace The Urban-Rural Divide Over Highway Expansion and Emissions Arizona Elections Signal Robust Immigration Enforcement Under Trump The Sao Paulo-based company posted net income of 1.73 real (30 cents) per share in the three months ended September, according to a statement Wednesday. That marked a sixfold increase from a year earlier and was the highest since 2022, allowing profits to beat the average of analyst estimates in a Bloomberg survey. JBS and rivals including Tyson Foods Inc. have emerged as winners from a drop in prices for corn and soybeans, used in livestock feed. The cost of feeding poultry is declining at a time when demand for chicken is surging. That's led analysts to more than double their 2024 earnings forecast for JBS even as the compan Show less Read more
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