Tyson Wavers as Street Weighs Accounting Change, Still Weak Beef

(Updates to include share move and adds analysts’ comments)

Tyson Foods shares have fluctuated between a nearly 1% gain and 3.8% loss as analysts weigh the impact of an unexpected change in the way the company treats corporate expenses. First quarter adjusted EPS and sales beat expectations, despite weaker-than-expected total company volume, and the company maintained its outlook for sales and adjusted operating income. Beef segment losses are expected to continue. Chicken results were “stellar,” says Barclays.

• Beginning in 1Q, Tyson no longer allocates corporate expenses and amortization to segments because it those are no longer used in assessing the ...