On Monday, Shares of Tyson Foods, Inc. (NYSE:TSN), lost -9.90% to $39.96.
Tyson Foods stated the following results:
- Record cash flows from operations of $864 million
- Sales raised 4% to about $10.1 billion
- Record Adjusted operating income up 40% to $568 million
- Record third quarter Adjusted EPS of $0.80, up 7% contrast to $0.75 in preceding year
- Overall adjusted operating margin was 5.6%
- Chicken segment operating margin of 11.4%
- Record Prepared Foods segment adjusted operating margin of 10.9%
- Captured $87 million in total synergies during the third quarter.
Tyson Foods, Inc., together with its auxiliaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. The company breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products.
Shares of ConocoPhillips (NYSE:COP), declined -1.25% to $49.71, during its last trading session hitting its lowest level.
ConocoPhillips stated a second-quarter 2015 net loss of $179 million, or ($0.15) per share, contrast with second-quarter 2014 earnings of $2.1 billion, or $1.67 per share. Not taking into account special items, second-quarter 2015 adjusted earnings were $81 million, or $0.07 per share, contrast with second-quarter 2014 adjusted earnings of $2.0 billion, or $1.61 per share. Special items for the current quarter primarily related to a deferred tax charge from a change in Canada’s tax law and non-cash impairments.
“We continue to deliver on our operational milestones while positioning the company for a period of lower, more volatile prices,” said Ryan Lance, chairman and chief executive officer. “We exceeded our production target, made progress on our major project startups and safely executed our planned turnarounds in the quarter. We are lowering our operating cost and capital expenditures guidance, while maintaining our operational targets. To further enhance our capital flexibility, we are ongoing to shift the portfolio to investments with shorter cycle times, counting reductions to deepwater spending. In July, we declared an enhance to our quarterly dividend as part of our ongoing commitment to return value to shareholders. This enhance was more modest than in preceding years, but we believe that is prudent given the current environment.”
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids worldwide.
Finally, MBIA Inc. (NYSE:MBI), ended its last trade with -2.02% loss, and closed at $5.83.
MBIA declared that Keith D. Curry (60) was elected to the Company’s Board of Directors in accordance with the board’s power under MBIA Inc.’s by-laws to fill interim vacancies. Since February of 2006, Mr. Curry has been a city council member in Newport Beach, California where he served as mayor in 2010 and 2013.
In May of 2011, Mr. Curry stepped down as a managing director of Public Financial Administration Inc. (“PFM”), the nation’s largest public finance advisory organization, after a 24-year career in public finance. While at PFM, Mr. Curry served as a member of the firm’s board of directors, planned planning committee, head of the Western States practice, head of the national Transportation Practice, and head of the Environmental Finance practice. He advised on more than $15 billion in public finance transactions at PFM. From October 2004 to October 2006, he served as President of the National Association of Independent Public Finance Advisors and testified before Congress on issues of financial industry regulation and consumer protections.
MBIA Inc. provides financial guarantee insurance services to public finance markets in the United States and internationally. The company operates through U.S. Public Finance Insurance, and International and Structured Finance Insurance segments.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
