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.
Analysts 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 billion.
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. Source: Associated Press Related Website
• Tyson Foods
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