short messages

Tyson is due to release fourth-quarter results on Monday

Springdale-based Tyson Foods Inc. is expected to release its fourth-quarter results early Monday.

A consensus estimate of 10 analysts, according to Yahoo Finance, is calling for earnings per share of $1.73 for the company’s fourth quarter, compared to $2.30 per share for the same period last year. The consensus estimate of nine analysts put revenue for the quarter at $13.49 billion, compared to $12.8 billion for the same period last year.

Company executives will host a conference call with analysts Monday at 8:00 am Central Standard Time. The webcast of the conference call will be available on the Investor Relations page of the company’s website, while an audio version of the conference call will be available by calling 1-844-890-1795 and inviting participation on the Tyson Foods conference call. A replay is available through December 14th on the company’s website or by calling 1-877-344-7529.

Tyson Foods shares were up 95 cents, or 1.4%, to close at $67.41 on the New York Stock Exchange on Friday. Shares have traded as low as $62.94 and as high as $100.72 over the past year.

– John Magsam

Solar park for coal waste dump

NASHVILLE, Tennessee – The nation’s largest public utility has proposed building a $216 million solar farm project in Kentucky on a blanketed coal ash storage pit at one of its coal-fired power plants.

The Tennessee Valley federal agency voted Thursday to move forward with the initiative at the Shawnee Fossil Plant in Paducah. The energy company called it a unique pilot project that would convert land used as a waste heap for the by-product of burning coal to generate electricity into a solar farm that would help produce 100 megawatts. Officials say the model could eventually be used at other Tennessee Valley Authority closed coal ash sites with a total capacity of 1,000 megawatts if they continue with that expansion.

The solar initiative is among changes the energy company has unveiled in recent years to adapt operations to fight global warming. However, environmentalists have continued to note that TVA’s efforts still fall short of President Joe Biden’s administration’s goal of creating a zero-carbon pollution energy sector by 2035.

TVA said installing the solar panels on the 300-acre coal ash site that is about to close would not affect the turf used to limit waste. The project can use the transmission infrastructure already in place at the plant.

– The Associated Press

The index is at 838.61 after a 23.07 gain

The Arkansas Index, a price-weighted index that tracks the state’s largest public companies, closed Thursday at 838.61, up from 23.07.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of December 30, 1997.


Leave a Reply

Your email address will not be published. Required fields are marked *