Why Tyson Foods, Inc. Stock Jumped 11.3% in September

Why Tyson Foods, Inc. Stock Jumped 11.3% in September

Shares of Tyson Foods Inc. (NYSE: TSN) rose 11.3% in September, according to data from S&P Global Market Intelligence, after the food company increased its financial guidance and reduced its corporate head count.

The meatiest of Tyson's gains last month came on Sept. 29, when shares rose 7.6% after the company announced that adjusted earnings per share for the 2017 fiscal year (ended Sept. 30, 2017) are now expected to be $5.20 to $5.30, up from previous guidance for a range of $4.95 to $5.05.

IMAGE SOURCE: TYSON FOODS.

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Source: Fool.com