Tyson's 4th quarter profit rises
Tyson Foods, the world's largest meat company, saw
sales rise in its fiscal fourth quarter, as the company had gains from its beef
and pork segments but continued to struggle with its poultry
The Springdale, Ark.-based company said Monday it
earned $48 million, or 13 cents per share, in the three months ended Sept. 27,
compared with $32 million, or 9 cents per share, a year earlier.
surveyed by Thomson Reuters, on average, expected a profit of 18 cents per share
on revenue of $6.98 billion. Tyson sales rose $627 million to $7.20
The company said high grain costs dragged down the chicken
segment, increasing $230 million in the quarter. The pork segment had its
best-ever fourth-quarter operating margin of 7.5 percent.
• Tyson Foods
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