Aug 6, 2013

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Stocks under Focus: Tyson Foods (NYSE:TSN) and Lloyds Banking Group PLC (NYSE:LYG)

Stocks under Focus: Tyson Foods (NYSE:TSN) and Lloyds Banking Group PLC (NYSE:LYG)

Tyson Foods Inc. (NYSE:TSN) reported that its fiscal third-quarter earnings moved higher, as the meat processor took advantage from robust demand and was able to compensate high feed costs with the help of superior pricing.

Shares of Tyson, which assured its fiscal-year sales guidance, were higher 4.5%, at $29.80, in the recent premarket session, as earnings and revenue topped predictions. Through the ending, the stock is higher 47% this year.

For the quarter concluded on June 29, Tyson Foods declared a profit of $249 million, or 69 cents per share, higher, as compared to $76 million, or 22 cents per share, a year ago.

Omitting debt-extinguishment associated charges and other items, year-ago adjusted earnings came in 50 cents. Revenue moved up 5.7%, to $8.73 billion.

Lloyds Banking Group PLC (NYSE:LYG) shares climbed up 4.3% on Monday, following the Financial Times declared the bank is planning to pay almost 70% of its earnings in dividends by 2015.

Referring to people closely related with the issue, the newspaper reported that the bank’s chief executive, Antonio Horta-Osorio, made the revelation at a recent round of investor road shows. Lloyds has given out no dividend since 2008, when it was rescued by the UK government.

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