LITTLE ROCK, Ark. (Arkansas Business) -- More earnings reports are coming from Arkansas companies.
Tyson Foods Inc. releases earnings report
First is Tyson Foods Inc. of Springdale is reporting a 43 percent drop in second-quarter net income. Profit for the meat processor fell to $94 million, down from $166 million in the same quarter last year. This is earnings per share numbers missing analyst expectations.
Tyson CEO Donnie Smith promises a stronger second half of the year.
USA Truck Inc. narrowing 1st quarter net loss
And USA Truck Inc. of Van Buren is narrowing its first-quarter net loss. The trucking firm is losing $2.5 million, that's less than the $4.9 million it lost in the same quarter last year.
The firm's new CEO, John Simone, has been on since February. He says he's continuing to assess the company and sees new opportunities to save money and improve its strategy.
New CEO for Murphy Oil Corp.
And another executive change on the horizon for Murphy Oil Corp. of El Dorado.
The oil and gas company said Monday that its president and CEO, Steve Cossé, will to step down from that position after the company spins off its retail gas station unit into a separate company sometime before the end of 2013.
Roger Jenkins, Murphy's executive vice president and COO, will take over as president and CEO.
The move wasn't too surprising. Cossé, who had already retired from the company in 2011, took over as CEO after the sudden resignation in 2012 of its previous CEO, David Wood.
Murphy Oil will hold its annual shareholders' meeting tomorrow in El Dorado.
Arkansas companies make Forbes 500 list
And some big Arkansas names make the annual Forbes 500 list of the country's largest corporations.
Wal-Mart Stores Inc. of Bentonville has regained the No. 1 spot on the list, released Monday, which ranks corporations by revenue. Wal-Mart reported $469.2 billion in fiscal 2012 revenue. Wal-Mart ranked No. 2 on the list behind Exxon Mobil last year.
Other Arkansas companies made the list:
- No. 93 - Tyson Foods, with $33 billion.
- No. 104 - Murphy Oil, at $28.8 billion.
- No. 378 - Dillard's Inc. of Little Rock, at $6.8 billion.
- No. 414 - Windstream Corp. of Little Rock, at $6.3 billion.
- No. 486 - J.B. Hunt Transport Services Inc. of Lowell, at $5.1 billion.