To date 364 (just under 75%) of the S&P 500 companies have reported earnings. Here's a look at which companies have had the biggest surprises so far...
Inflation worries continue. If the comments from companies during the last three days is any indication, Americans will be spending significantly more for food in the near future, due to significantly higher costs for corn, soybeans, sugar, and cocoa.
The U.S. Department of Agriculture told Tyson Foods the department made a mistake and that the second-largest U.S. chicken producer could no longer label products as "raised without antibiotics," the Wall Street Journal reported on Monday.
U.S. stock indexes closed lower as a rally in financial shares lost steam late Monday, pushing down markets already pressured by falling tech shares.
Tyson Foods, the world's largest meat company, Monday reported a fiscal fourth-quarter profit compared with a year-earlier loss, but forecast lower profit for fiscal 2008 due to expected high feed costs and difficult conditions in beef.
Tyson Foods, the largest U.S. meat company, cut its 2007 earnings outlook primarily due to higher-than-expected live cattle costs and a decline in beef revenue resulting from a disruption in South Korean beef trade.
Prices for U.S. cattle and hogs plus shares of top U.S. meat companies sped lower on Thursday, amid worries that turmoil in the U.S. credit markets could snowball and hurt meat sales both here and overseas, economists said.
Tyson Foods, the world's No. 1 meat producer, reported a larger-than-expected quarterly profit on Monday due to higher beef, chicken and pork prices.
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Stocks ended at session lows on Monday following a late flurry of selling due to weakness in tech stocks, but the Dow ended the month with the biggest gains since December 2003. "We've been making money in the last six weeks, so I do think we need a timeout," said Al Goldman, chief market strategist at A.G. Edwards.
Tyson Foods , the world's largest meat company, reported a profit Monday of $68 million for its latest quarter, a number that indicates the company is pulling out of the doldrums.
Timothy Ramey, senior research analyst at D.A. Davidson & Co., told CNBC’s “Squawk on the Street” that the Tyson Foods-ConocoPhillips deal to produce biodiesel from animal fat will plump Tyson’s bottom line.
Stocks are lower after consumer prices rose more than expected in January.
Japan said it will suspend imports from a Tyson Foods meat plant that had shipped two boxes of beef from cattle that exceeded Japan's age limit of 20 months or younger.
The world's largest meat processor reported a quarterly profit, ending a string of three consecutive quarterly losses and topping results from a year ago.
As we've reported--New York became the first city in the U.S. to ban trans-fats in restaurant food. But the ban will affect companies with a reach far beyond the Five Boroughs. Wendy’s International, McDonald’s, Kraft and Kellogg will all have to adjust as a result – at least in the near term – at the expense of their P&L sheets.
Top U.S. hog and pork producer. Smithfield Foods Inc. reported lower-than-expected quarterly earnings on Thursday due to a weak market for fresh meat, and shares fell sharply as a result.The Smithfield, Virginia-based company, which also is amajor beef producer and a partner in a large turkey operation,warned of higher meat prices ahead if prices for corn, animportant feed, keep increasing.