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Tyson Foods faces 4Q drop predictions Analysts are predicting a 7.6% decline in earnings for Tyson Foods Inc. ahead of the company posting its fourth quarter earnings on Monday. According to Zacks Equity Research, the Springdale-based company is estimated to post an adjusted earnings per share of 85 cents, with revenue estimated at $13.91 billion, a year-over-year increase of 2.5%. Company chicken sales are anticipated to come in at $4.30 billion, or an increase of 1.1% compared to the previous year. Analysts are expecting beef sales to rise to $5.45 billion for the quarter, or an increase of 3.7%. Tyson's prepared foods segment is anticipated to have a 1.5% increase to its sales of $2.51 billion for the quarter. Pork is estimated to have an increase in sales by 6% and come in at $1.52 billion. Tyson management will host a fourth quarter earnings call with its investors at 8 a.m. Monday, Nov. 10. The conference call will be webcast live and can be accessed at ir.tyson.com. A replay of the event will also be available at the same address until Dec. 10. Tyson shares rose 99 cents, or 1.9%, to close Friday at $52.68. The shares have traded between $65.95 and $50.69 in the past 52 weeks. -- Dylan Sherman Sevan to open new Bentonville facility Sevan Multi-Site Solutions Inc., a program management, design, construction and site development company, has announced an expansion of a new Center of Excellence in Bentonville. The Illinois-based company expanded its U.S. footprint with new offices in Bentonville and Dallas to support large-scale and multi-site programs. Chief Executive Officer Jim Evans said the opening of the new facilities will help the company work with clients across multiple sectors. "By strategically expanding our footprint in Bentonville and Dallas, we are positioning our teams closer to where our clients are growing -- enhancing collaboration, innovation, and responsiveness," he said. The company focuses on seven sectors, including restaurants, retail, health care, grocery, convenience stores, housing and government. The new Bentonville location will lead Sevan's work with retail and grocery clients. Sevan said the regional hubs allow it to further support client needs, while continuing to invest in people, partnerships and technology. -- Dylan Sherman Arkansas Index hits 918.12, up by 11.4 The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Friday at 918.12, up 11.4 points. Shares of Simmons First National Corp. rose 2.6% and ArcBest Corp. shares rose 3% on Friday. Shares of America's Car-Mart fell 5%. The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
