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Tyson Foods (TSN) reported a significant fiscal Q1 earnings release on [insert date], with earnings of $2.87 per share, exceeding the expected $1.90, resulting in a +51% positive surprise. Revenues reached $12.93 billion, surpassing estimates by +9.2%. The company’s shares surged +8% following the announcement.
Onsemi (ON) also performed well, with Q1 earnings of $1.09 per share beating expectations by $0.19 and reflecting a +211% increase year-over-year. Sales were $1.85 billion, beating the forecast of $1.79 billion, marking +28% year-over-year growth, and driving shares up +5.6% in early trading.
In upcoming earnings reports, The Walt Disney Co. (DIS), Uber (UBER), Coca-Cola (KO), and Peloton (PTON) are expected this week, with Peloton’s market value reportedly dropping 83% over the past year. Additionally, a potential merger between Frontier (ULCC) and Spirit Airlines (SAVE) could create the fifth-largest U.S. airline, accounting for 5.4% of air passengers.
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