Tyson Foods — Shares of the food processing company fell more than 7% after Tyson's fiscal third-quarter report missed estimates on the top and bottom lines.
Tyson generated 15 cents in adjusted earnings per share on $13.14 billion of revenue.
Analysts surveyed by Refinitiv were expecting 26 cents per share on $13.59 billion of revenue.
Sovos Brands — Shares of Rao's parent Sovos Brands' popped 25% in premarket trading after food giant Campbell Soup said Monday it would acquire the pasta sauce maker for $2.33 billion.
Campbell will pay $23 per share for the company, which is 27.6% higher than the Sovos Brands' last closing price.
Persons:
Tyson, Refinitiv, DaVita, Campbell Soup, Campbell, Wells, Warren Buffett's, BioNTech, it's, Nikola —, Viatris, —, Fred Imbert, Samantha Subin, Yun Li, Tanaya Macheel, Jesse Pound
Organizations:
UBS, Brands, Campbell Soup, Berkshire Hathaway —, KKR —, KKR
Locations:
Covid