Tag: $Tyson

Shares of Tyson Foods were edging higher Monday after the meat company reported improving profit at its chicken segment.

Tyson Foods Inc.’s stock rose 3.8% early Monday, after the parent of food brands Tyson, Hillshire Farm, Jimmy Dean and Ball Park beat profit estimates for its fiscal first quarter.

Shares of Tyson Foods Inc. dropped 3.1% in premarket trading Monday, after the processed meats company topped fiscal fourth-quarter profit expectations but missed on sales and provided a downbeat full-year outlook as overall protein production is projected to decline.

Tyson Foods Inc. +1.83% said Tuesday it is planning to acquire a minority stake in Protix, a Dutch company that’s a leader in insect ingredients, as it works on more sustainable protein production. Tyson did not disclose terms, but said it plans to fund Protix’s global expansion.

Tyson Foods reported weaker-than-expected results for its third quarter, sending its shares over 7% lower in pre-open Friday.