Tyson Foods Reports 'Volatile and Uncertain' Third Quarter, Beats on EPS

Major meatpacking and processing company Tyson Foods (NYSE: TSN) reported its fiscal third-quarter 2020 results this morning before market open, outpacing analyst expectations on some metrics while missing on others. Tyson CEO Noel White said in a statement, "our third fiscal quarter was one of the most volatile and uncertain periods I've seen during my time in the industry." Volume jumped by 25% for Tyson's international segment, but this part of the business is much smaller than the others and saw prices drop 9.2% in any case.