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Quarterly Beats for Tyson (TSN), Onsemi (ON) and Hasbro (HAS)
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Monday, February 7, 2022
This week in market trading, we settle down a bit on economic reports while Q4 earnings season continues to roar ahead. We start Monday pre-market trading in the green following the strongest week so far in 2022, on better-than-expected jobs numbers Friday morning. Currently, the Dow is +60 points, the Nasdaq is +45 and the S&P 500 is +10 points.
Later this week, we’ll see new earnings results from The Walt Disney Co. (DIS - Free Report) , Uber (UBER - Free Report) , Coca Cola (KO - Free Report) and Peloton (PTON - Free Report) — which the Wall Street Journal reports this morning is being discussed as a possible takeover candidate after having lost 83% of its market value since this time last year. We also see a possible merge of two low-cost airlines, Frontier (ULCC - Free Report) and Spirit (SAVE - Free Report) , which, should it pass regulatory measures, would create the fifth-largest U.S.-based airline, making up 5.4% of air passengers in America.
Tyson Foods (TSN - Free Report) shares are jumping +8% on a very strong fiscal Q1 earnings release ahead of today’s opening bell: earnings of $2.87 per share trounced the $1.90 expected (and $1.94 reported in the year-ago quarter) for a +51% positive surprise. Revenues of $12.93 billion posted a +9.2% beat in the quarter, and the company also put up higher guidance. The world’s second-largest meat producer saw strong demand continue even after raising prices in the quarter. For more on TSN's earnings, click here.
Onsemi (ON - Free Report) is +5.6% in early trading on earnings of $1.09 per share beating the Zacks consensus by 19 cents, amounting to +211% year-over-year earnings growth. Sales of $1.85 billion in the quarter beat the $1.79 billion expected, for +28% growth year over year. This marks onsemi’s seventh-straight earnings beat in what continues to be a hot environment for semiconductors. For more on ON's earnings, click here.
Toy-maker and Zacks Rank #2 (Buy)-rated Hasbro (HAS - Free Report) also topped expectations in its Q4 report this morning: earnings of $1.21 per share outpaced the 89 cents estimated, while $2.01 billion in quarterly revenues beat the Zacks consensus by $7.84%. The Rhode Island-based company, which offers everything from Transformers to Monopoly, are seeing shares climb slightly in today’s pre-market.
Image: Bigstock
Quarterly Beats for Tyson (TSN), Onsemi (ON) and Hasbro (HAS)
Monday, February 7, 2022
This week in market trading, we settle down a bit on economic reports while Q4 earnings season continues to roar ahead. We start Monday pre-market trading in the green following the strongest week so far in 2022, on better-than-expected jobs numbers Friday morning. Currently, the Dow is +60 points, the Nasdaq is +45 and the S&P 500 is +10 points.
Later this week, we’ll see new earnings results from The Walt Disney Co. (DIS - Free Report) , Uber (UBER - Free Report) , Coca Cola (KO - Free Report) and Peloton (PTON - Free Report) — which the Wall Street Journal reports this morning is being discussed as a possible takeover candidate after having lost 83% of its market value since this time last year. We also see a possible merge of two low-cost airlines, Frontier (ULCC - Free Report) and Spirit (SAVE - Free Report) , which, should it pass regulatory measures, would create the fifth-largest U.S.-based airline, making up 5.4% of air passengers in America.
Tyson Foods (TSN - Free Report) shares are jumping +8% on a very strong fiscal Q1 earnings release ahead of today’s opening bell: earnings of $2.87 per share trounced the $1.90 expected (and $1.94 reported in the year-ago quarter) for a +51% positive surprise. Revenues of $12.93 billion posted a +9.2% beat in the quarter, and the company also put up higher guidance. The world’s second-largest meat producer saw strong demand continue even after raising prices in the quarter. For more on TSN's earnings, click here.
Onsemi (ON - Free Report) is +5.6% in early trading on earnings of $1.09 per share beating the Zacks consensus by 19 cents, amounting to +211% year-over-year earnings growth. Sales of $1.85 billion in the quarter beat the $1.79 billion expected, for +28% growth year over year. This marks onsemi’s seventh-straight earnings beat in what continues to be a hot environment for semiconductors. For more on ON's earnings, click here.
Toy-maker and Zacks Rank #2 (Buy)-rated Hasbro (HAS - Free Report) also topped expectations in its Q4 report this morning: earnings of $1.21 per share outpaced the 89 cents estimated, while $2.01 billion in quarterly revenues beat the Zacks consensus by $7.84%. The Rhode Island-based company, which offers everything from Transformers to Monopoly, are seeing shares climb slightly in today’s pre-market.
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