Tyson Foods (TSN) one of our long positions (We sold a put spread. Click here to see the original article.) reported earnings yesterday. For fiscal Q2-2017, the company reported GAAP EPS of $0.92 versus versus$1.10 for the same quarter last year. Adjusted EPS was $1.01 versus consensus estimates of $1.06. This was a 4.7% miss, but well within the margin of error of our expectation. Revenue came in at $9.08 billion, which was within a breadth of the $9.10 billion street expectations. We do not think these are bad numbers but the street thinks otherwise. Investors took the stock price down about $4.oo or 6.25%. TSN closed yesterday's trading at $59.37. Click here to read the company's earnings announcement.
