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Today we are watching…
1.ย Tyson Foods (#tyson)
Investors are hoping Tyson Foods can deliver a knock-out set of numbers today as earnings season enters one of its final rounds. The prepared foods company is relying on chicken and beef sales to patch over the anticipated weak demand for its pork business, brought on by the recent outbreak in African Swine Fever. Since Tyson served up its second-quarter earnings beat, itโs also delivered the acquisition of a Thai and European protein producer. With future growth for protein foods expected in Asia, analysts see this move shoring up the top line today. Itโs estimated to hit $11 billion, with $1.47 in profit per share expected on that.
2. Take-Two Interactive (#take2)
Today, this US video-game house once again plays at earnings. The ghosts of an industry-wide sell off have led many investors to believe it’s already game over for Take-Two, with higher marketing expenses an added downside risk. However, a strong portfolio of games might see it extend a recent rally. The gaming biz rides heavily on hotly anticipated releases which inevitably bring on spikes in revenue. The pros today can see 354 million dollars in revenue on the horizon for Take-Two, and $0.02 of earnings per share. Can it beat those forecasts? Game on!