Tyson Foods 4Q profit beats view, backs sales outlook

, The Associated Press


Tyson Foods net income jumped 91 percent in its fiscal fourth quarter, benefiting from higher chicken prices.

The country's biggest meat company's earnings results easily topped Wall Street's forecast, and it provided a fiscal 2013 revenue outlook above analysts' estimates.

For the three months ended Sept. 29, Tyson Foods earned $185 million, or 51 cents per share. That's up from $97 million, or 26 cents per share, in the prior-year period.

Taking out an impairment charge, earnings were 55 cents per share.

Revenue dipped to $8.37 billion from $8.4 billion.

Welcome to ALM. You have read 0 out of 0 free articles this month

Get 2 months of unlimited access FREE

What's being said

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202578797923

Thank you!

This article's comments will be reviewed.