Tyson Foods Rises, Walt Disney Falls, Oracle Gains on Plans to Raise Up to $50 Billion
On this episode of Stock Movers:
- Tyson Foods (TSN) shares rise. First-quarter profits benefited from higher beef pricing and healthy chicken demand, even as the company continues to struggle with pressures from a severe cattle shortage. The company's beef business reported a $143 million adjusted operating loss in the quarter, while its chicken segment continued to see year-over-year growth on higher volumes.
- Walt Disney (DIS) shares fall. The company reported sales and earnings for its fiscal first quarter that exceed analysts’ expectations, but the company gave a tepid outlook for growth in the current period. Disney’s results for the quarter ending Dec. 27 were boosted by record sales at its theme parks division.
- Oracle (ORCL) shares rise after plans to raise $45 to $50 billion this year through a combination of debt and equity sales to build additional cloud infrastructure capacity. On Monday, it kicked off a US dollar bond offering that is expected to be about $20 billion to $25 billion, according to people with knowledge of the matter.
See omnystudio.com/listener for privacy information.
More description
On this episode of Stock Movers:
- Tyson Foods (TSN) shares rise. First-quarter profits benefited from higher beef pricing and healthy chicken demand, even as the company continues to struggle with pressures from a severe cattle shortage. The company's beef business reported a $143 million adjusted operating loss in the quarter, while its chicken segment continued to see year-over-year growth on higher volumes.
- Walt Disney (DIS) shares fall. The company reported sales and earnings for its fiscal first quarter that exceed analysts’ expectations, but the company gave a tepid outlook for growth in the current period. Disney’s results for the quarter ending Dec. 27 were boosted by record sales at its theme parks division.
- Oracle (ORCL) shares rise after plans to raise $45 to $50 billion this year through a combination of debt and equity sales to build additional cloud infrastructure capacity. On Monday, it kicked off a US dollar bond offering that is expected to be about $20 billion to $25 billion, according to people with knowledge of the matter.
See omnystudio.com/listener for privacy information.
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